Delisting of American Depositary Shares
February 24 2010 - 11:12AM
UK Regulatory
TIDMCBRY
For Immediate Release 24 February 2010
Cadbury plc Announces Delisting of Cadbury American Depositary Shares
Cadbury plc ("Cadbury") announced on 5 February 2010 its intention to delist
its American Depositary Shares ("Cadbury ADSs") from the New York Stock
Exchange ("NYSE"), effective, in so far as practicable, on the same date as the
cancellation of the listing of Cadbury ordinary shares on the Official List and
of trading on the London Stock Exchange.
Cadbury today announces that it has filed a Form 25 with the U.S. Securities
and Exchange Commission ("SEC") today to effect the delisting. Cadbury expects
the filing to be effective prior to the opening of trading of the NYSE on
Monday, 8 March 2010, at which point the Cadbury ADSs will be delisted from the
NYSE. This follows Kraft Foods Inc.'s final recommended offer for Cadbury being
declared wholly unconditional on 2 February 2010.
Following the delisting of the Cadbury ADSs from the NYSE, and if Cadbury can
certify that there are fewer than 300 record holders of Cadbury ADSs, Cadbury
intends to file a Form 15 with the SEC in order to deregister from the SEC and
to terminate its reporting obligations under the Securities Exchange Act of
1934, as amended (the "Exchange Act"). Upon the filing of the Form 15,
Cadbury's obligation to file periodic reports with the SEC under the Exchange
Act will be suspended immediately. The deregistration will become effective 90
days after such filing, unless earlier withdrawn by Cadbury or denied by the
SEC.
Enquiries
Cadbury plc
Henry Udow, Chief Legal Officer and Company Secretary
Tel: +44 (0)1895 615000
Forward Looking Statements
Except for historical information and discussions contained herein, certain
statements in this announcement are "forward looking statements." Forward
looking statements are generally identifiable by the fact that they do not
relate only to historical or current facts or by the use of the words "may,"
"will," "should," "plan," "expect," "anticipate," "estimate," "believe,"
"intend," "project," "goal" or "target" or the negative of these words or other
variations on these words or comparable terminology. Forward looking statements
involve a number of known and unknown risks, uncertainties and other factors
that could cause Cadbury's or Cadbury's industry's actual results, levels of
activity, performance or achievements to be materially different from any
future results, levels of activity, performance or achievements expressed or
implied by such forward looking statements. These forward looking statements
are based on numerous assumptions regarding the present and future strategies
of each business and the environment in which they will operate in the future.
Cadbury does not undertake publicly to update or revise any forward looking
statement that may be made in this announcement, whether as a result of new
information, future events or otherwise. All subsequent oral or written
forward-looking statements attributable to Cadbury or any person acting on its
behalf are expressly qualified in their entirety by the cautionary statements
above.
In evaluating forward looking statements, you should consider general economic
conditions in the markets in which Cadbury operates, as well as the risk
factors outlined in our most recent Form 20-F filed with the SEC and posted on
Cadbury's website www.cadbury.com. These materials should be viewed in
conjunction with Cadbury's periodic half yearly and annual reports and other
filings filed with or furnished to the SEC, copies of which are available from
Cadbury plc, Cadbury House, Sanderson Road, Uxbridge UB8 1DH, UK and from the
SEC's website at www.sec.gov.
END
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