USA: Fletcher's Announces Decision to De-List From Nasdaq
The Company's common shares will cease to be quoted on Nasdaq following the close of business on Friday, May 5, 2000. The number of shareholders of the Company's common shares in the United States is less than one hundred.
The Company's shares will remain registered in Canada and listed on the Toronto Stock Exchange.
"Over the last two years substantially all of our shareholder base has consolidated to Canada," said George Paleologou, Vice President and CFO. "As a result, we can no longer justify the cost of maintaining our public issuer status in the United States," added Mr. Paleologou.
Fletcher's has been engaged in the food processing business since 1917 and has manufacturing facilities in Alberta, British Columbia, Oregon, Saskatchewan and Washington. In addition, Fletcher's holds an interest in three manufacturing facilities located in Ontario.
For further information, please contact George Paleologou, V.P. & CFO, Fletcher's Fine Foods Ltd. at 604-656-3133.
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