Grupo Radio Centro Delists From NYSE
December 21, 2012 at 7:29 AM (PT)
GRUPO RADIO CENTRO intends to delist its American Depositary Shares from THE NEW YORK STOCK EXCHANGE and to terminate its American Depositary Receipt program. The main purpose of delisting is to obtain efficiencies in the Company's financial reporting and administrative costs.
GRC noticed the NYSE in writing of its intent to delist; it next will file the related Form 25 with the SEC shortly thereafter, and expects the delisting to become effective 10 days later. GRC's shares will continue to be traded on the BOLSA MEXICANA DE VALORES in MEXICO. GRC has not arranged for the listing or registration of its ADSs or Series A shares on another U.S. national securities exchange or for their quotation in a quotation medium in the United States.