[{"name":"Home","site_name":"Press | Company | Siemens","description":"","url_str":"\/global\/","level":0,"image":"","base_root":"https:\/\/press.siemens.com","base_nid":"5","base_nodepath":"\/node\/5","base_path":"\/global\/","base_secure_url":"https:\/\/press.siemens.com\/global","children":null}]
It looks like you are using a browser that is not fully supported. Please note that there might be constraints on site display and
usability.
For the best experience we suggest that you download the newest version of a supported browser:
Siemens plans to delist from the London and Swiss Stock Exchanges
The Managing Board of Siemens AG has resolved to delist the ordinary shares of Siemens from the London Stock Exchange (LSE) and from the Swiss Stock Exchange (SIX Swiss Exchange AG / SIX).
The Managing Board of Siemens AG has resolved to delist the ordinary shares of Siemens from the London Stock Exchange (LSE) and from the Swiss Stock Exchange (SIX Swiss Exchange AG / SIX).
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.
Siemens AG (Berlin and Munich) is a global powerhouse in electronics and electrical engineering, operating in the fields of industry, energy and healthcare as well as providing infrastructure solutions, primarily for cities and metropolitan areas. For over 165 years, Siemens has stood for technological excellence, innovation, quality, reliability and internationality. The company is one of the world's largest providers of environmental technologies. Around 43 percent of its total revenue stems from green products and solutions. In fiscal 2013, which ended on September 30, 2013, revenue from continuing operations totaled €74.4 billion and income from continuing operations €4.2 billion. At the end of September 2013, Siemens had around 362,000 employees worldwide on the basis of continuing operations. Further information is available on the Internet at: http://www.siemens.com.