International Power to Pursue US Delisting and Deregistration
(London – 6 June 2007) International Power today announces
that it intends to pursue a delisting from the New York Stock
Exchange (“NYSE”) and deregistration under the US
Securities Exchange Act of 1934, with the aim of reducing
International Power has American Depositary Shares, evidenced by
American Depositary Receipts (“ADRs”), listed on the
NYSE. Each ADR represents ten ordinary shares. In 2006, the volume
of trading of ADR’s was below 1% of the volume of trading of
ordinary shares on the London Stock Exchange.
Subsequent to its deregistration, International Power intends to
maintain its ADR facility with The Bank of New York as a Level I
programme. This means that International Power’s ADRs will be
traded on the over-the-counter (“OTC”) market.
International Power’s ordinary shares will continue to trade
on the London Stock Exchange.
International Power is committed to maintaining the highest
standards of corporate governance and will continue to be subject
to comprehensive UK reporting and governance requirements. It will
continue to publish its Annual Report and Accounts, and other
announcements and communications to shareholders on its website at
For further information please contact:
Investor and Media Contact:
Telephone: +44 (0)20 7320 8869
About International Power
International Power plc is a leading independent electricity
generating company with 18,375 MW (net) in operation and 312 MW
(net) under construction. International Power has power plants in
operation or under construction in Australia, the United States of
America, the United Kingdom, France, Germany, the Czech Republic,
Italy, Portugal, Spain, Turkey, Bahrain, Oman, Qatar, Saudi Arabia,
the UAE, Indonesia, Pakistan, Puerto Rico and Thailand.
International Power is listed on the London Stock Exchange and the
New York Stock Exchange (as ADR’s) with ticker symbol IPR.