Foster's Group Limited ("Foster's") announced today that it has given written notice to the United Kingdom Listing Authority ("UKLA") and London Stock Exchange Plc ("LSE") of its intention to voluntarily cancel the listings of its securities that are admitted to trading on the LSE.
The effective date of cancellation will be 31 March 2005, with the last day of listing and admission to trading being 30 March 2005.
The decision to delist from the LSE is based on a combination of low trading volumes and the comparatively small number of shareholders involved, which collectively makes the cost of maintaining the secondary listing commercially unviable.
Foster's will provide a voluntary share sale facility for Foster's shareholders registered on Foster's London branch register as at 4 January 2005, details of which will be posted shortly to such shareholders. This facility will be available from 10 January 2005 to 21 February 2005.
Any shareholders who remain on the London branch register following cancellation will automatically become 'issuer sponsored' shareholders on the Australian Stock Exchange Ltd ("ASX").
Media
Lisa Keenan
Tel: +61 3 9633 2265
Mob: 0409 150 771
Investors
Robert Porter
Tel: +61 3 9633 2560
Mob: 0407 391 829
