In June 2007, Volvo announced that the Company’s Board had decided to apply for delisting of the Volvo American Depositary Receipts (ADRs) from the NASDAQ stock exchange in the United States and for deregistration of the Class B shares from the SEC.
Volvo’s ADRs, which correspond to Class B shares, have been listed on NASDAQ since December 1984. The listing was part of efforts to increase international ownership of Volvo. The deregulation of international capital markets and the increase in international ownership of shares on the OMX Nordic Exchange Stockholm have resulted in trading being concentrated to the OMX Nordic Exchange Stockholm.
The delisting will be effective as of December 13, 2007. After the delisting has become effective, Volvo intends to apply for deregistration of its Class B shares from the SEC. As a result, Volvo will no longer be obligated to submit certain reports and forms to the SEC, including the 20-F and 6-K. However, Volvo intends to maintain the program for ADRs and Volvo’s annual report and other financial information will continue to be posted on the company’s website.
Following the delisting, all trading in Volvo shares will be concentrated to the OMX Nordic Exchange Stockholm. The Volvo shares have previously been delisted from among others the stock exchanges in Tokyo, London, Paris, Brussels, Oslo and Helsinki, as well as from the exchanges in Germany and Switzerland.
December 3, 2007
For further information, please contact:
Media Relations:
Mårten Wikforss, AB Volvo, +46 31 66 11 27 or +46 705 59 11 49
Investor Relations:
Christer Johansson, AB Volvo, +46 31 66 13 34 or +46 706 54 55 22
