DIALOG SEMICONDUCTOR Plc.: Dialog Semiconductor to terminate ADR program and de-list from NASDAQ.KIRCHHEIM/TECK, Germany -- Dialog Semiconductor Plc. / Delisting Dialog Semiconductor PLC (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : DLGS DLGS Decreto Legislativo (Italian: Legislative Decree) DLGS Data Link Ground Station , FWB (Fixed Wireless Broadband) See fixed wireless. : DLG DLG - (DFA-based Lexical analyser Generator) The lexical analyser generator in the Purdue Compiler-Construction Tool Set. ), a leading provider of power management semiconductor solutions, announces today that the Company intends to terminate its ADR ADR - Astra Digital Radio program (American Depository Receipt American Depository Receipt n. called in the banking trade an ADR, it is a receipt issued by American banks to Americans as a substitute for actual ownership of shares of foreign stocks. ) with the Bank of New York The Bank of New York, abbrieviated to BNY, was a global financial services company that existed until its merger with the Mellon Financial Corporation on July 2, 2007.[1] The bank now continues under the new name of The Bank of New York Mellon Corporation. and seek a de-listing from NASDAQ. It is currently anticipated that the effective date of the termination of the ADR program and de-listing from Nasdaq will be December 28, 2006. As soon as is reasonably practicable after the termination date, any ordinary shares not previously withdrawn from the ADR program will be sold in the market by the ADR Depositary in accordance with the Deposit Agreement governing the ADR program and the net proceeds of any such sales will be distributed to the holders of those ordinary shares. As soon thereafter as it is eligible to do so, the Company intends to suspend or terminate its registration under the US Securities Exchange Act of 1934, as amended. Any such suspension or termination will also suspend or terminate the Company's periodic reporting obligations under the Exchange Act. The Company intends that its ordinary shares be traded solely on the German stock exchange (Prime Standard) for the near to medium term. Commenting on the announcement Jalal Bagherli, Dialog CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , said: 'The increasing regulatory burden of NASDAQ both in terms of third party legal and accounting costs and more importantly management resources have not for some time been matched by a corresponding benefit from the NASDAQ listing where ADR trading is light. The primary market for our shares has always been Frankfurt. This decision will permit us to focus our communication efforts on this key market.' Information about Dialog Semiconductor Dialog Semiconductor develops and supplies power management, audio and display driver technology, targeting the wireless, automotive and industrial markets. The company's expertise in mixed signal design, with products manufactured entirely in CMOS (Complementary Metal Oxide Semiconductor) Pronounced "c-moss." The most widely used integrated circuit design. It is found in almost every electronic product from handheld devices to mainframes. technology, enhances the performance and features of wireless, hand-held and portable electronic products. Its technology is also used in intelligent control circuits in automotive and industrial applications. Dialog Semiconductor Plc is headquartered near Stuttgart, Germany with operating facilities in the UK, the USA, Austria, Japan and Taiwan. The company is listed on the Frankfurt (FWB: DLG) and NASDAQ (DLGS) stock exchanges.
Contact:
Dialog Semiconductor,
Neue Strabe 95, D-73230 Kirchheim/Teck - Nabern, Germany
Telefon +49-7021-805-412
Fax +49-7021-805-200
E-mail dialog@fd.com
Internet www.dialog-semiconductor.com
James Melville-Ross
Financial Dynamics
Telefon: +44 207 831 3113
Language: English
Issuer: Dialog Semiconductor Plc. Neue Strasse
95 73230 Kirchheim/Teck-Nabern Deutschland
Phone: +49 7021 805-0
Fax: +49 7021 805-100
E-mail: martin.kloeble@diasemi.com
WWW: www.diasemi.com
ISIN: GB0059822006
WKN: 927200
Indices: MIDCAP, PRIMEALL, TECHALLSHARE
Listed: Geregelter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin-Bremen, Dusseldorf, Stuttgart,
Munchen, Hamburg; Foreign Exchange(s) Nasdaq
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