Aptorum Group Limited Announces Voluntary Delisting from Euronext Paris - Aptorum Gr (NASDAQ:APM)
Benzinga Regulatory News:
Aptorum Group Limited (the "Company") APMAPM announced today that following a comprehensive review of the trading volume, costs and administrative requirements related to its listing on Euronext Paris, it has decided to request the voluntary delisting of its shares (the "Aptorum Shares") (ISIN KYG6096M1226) from Euronext Paris. The Board of Euronext has approved this request.
Following the delisting from Euronext Paris, the Aptorum Shares will remain listed on the NASDAQ (the "NASDAQ"), the Company's primary listing exchange. Delisting the Aptorum Shares from Euronext Paris has no impact on the NASDAQ listing of Aptorum Shares.
A voluntary sales facility procedure on Euronext Paris will be implemented by the Company for the benefit of its shareholders holding their Aptorum Shares through Euroclear France (the "Euronext Shareholders"), in accordance with Euronext rules (the "Sales Facility"). Accordingly, the Euronext Shareholders will have the following options:
- decide not to participate in the voluntary sales facility and keep their Aptorum Shares, which they will be able to trade on Euronext Paris through and including the trading day prior to the delisting date, and thereafter, only on the NASDAQ; or
- participate in the voluntary sales facility described below and sell all or part of their Aptorum Shares on the NASDAQ.
Euronext Shareholders not participating
