Tokyo - March 31, 2017
Mitsui O.S.K. Lines, Ltd. (the Compan y; President & CEO: Junichiro Ikeda) today announced that the Company resolved at the Meeting of the Board of Directors on March 31, 2017, to apply for the cancellation of the listing of its common shares on the Nagoya Stock Exchange, as follows.
1. Reasons for Application for Delisting
The Company decided to apply for delisting to reduce costs and back-office activities for multi-listing since it considers the trade volume of its common shares on the Nagoya Stock Exchange to be de minimis, and sees minor impact on shareholders and investors as a result of delisting.
2. Listed Stock Exchange other than Nagoya Stock Exchange
Tokyo Stock Exchange
3. Scheduled Date to Apply for Delisting
Monday, April 3, 2017
4. Future Schedule
The Company will submit documents to the Nagoya Stock Exchange to apply for delisting. Shares are slated to be delisted, in principle, a month after being designated for delisting, following the completion and acceptance of the application procedures.
Mitsui O.S.K. Lines, Ltd. press release