Recently, trading in Siemens shares has been effected primarily in Germany and via electronic trading platforms ("OTC - over the counter"). The trading volume of the Siemens shares on the LSE and on the SIX is comparatively low and in 2013 the trading volume in London was less than 3 percent, and the trading volume on SIX was less than 1 percent of the worldwide trading volume.
Ralf P. Thomas, CFO of Siemens, stated: "Following the delisting of Siemens ADS from the New York Stock Exchange in mid-May 2014 and the SEC deregistration in August, the delisting from the Swiss and London Stock Exchanges is the logical next step. The aim of the delistings reflects the change in investor behavior."
The delisting from the LSE is expected to become effective early October 2014, while the SIX delisting is expected to become effective in January 2015 at the earliest.