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ABB files to voluntarily deregister and suspend SEC reporting obligations

ABB Press Release.  

In the period between June 1, 2023, and May 31, 2024, the 12-month US Average Daily Trading Volume (ADTV) in ABB’s ADRs has fallen to below 5 percent of the ADTV worldwide. ABB now meets the requirements to apply to deregister and terminate the reporting obligations for its debt and equity instruments under the U.S. Securities Exchange Act of 1934, as amended (the “U.S. Exchange Act”).

ABB is voluntarily filing today with the SEC a Form 15F to suspend immediately its reporting obligations under the U.S. Exchange Act. The deregistration and termination of its reporting obligations is expected to become effective 90 days after the filing, unless withdrawn by the Company or objected to by the SEC. The Company will continue to comply with its financial reporting and other obligations pursuant to applicable stock exchange listing rules – in particular the Listing Rules of SIX Swiss Exchange and the Nasdaq Stockholm Rulebook.

Source: ABB Press Release

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