IFF Announces Voluntary Delisting from the Tel Aviv Stock Exchange in January 2021
International Flavors & Fragrances Inc. (IFF) announced its decision to voluntarily delist its common stock from the Tel Aviv Stock Exchange (TASE) effective January 20, 2021. This process allows IFF shares to continue trading on the TASE for three more months, after which they will be fully transferred to the New York Stock Exchange (NYSE). This strategic move aims to streamline the company's trading operations while maintaining its presence on major exchanges.
- Continued trading of IFF shares on NYSE after delisting from TASE.
- Streamlined trading operations expected to enhance market efficiency.
- Voluntary delisting may lead to reduced visibility in the Israeli market.
NEW YORK--(BUSINESS WIRE)--Regulatory News:
International Flavors & Fragrances Inc. (“IFF”) (NYSE: IFF) (Euronext Paris: IFF) (TASE: IFF), a leading innovator of taste, scent, and nutrition, today announced that it is voluntarily delisting its shares of common stock from trading on the Tel Aviv Stock Exchange (“TASE”).
Under applicable Israeli law, the delisting of IFF’s shares of common stock from trading on the TASE is expected to become effective in three months, on January 20, 2021. During this time, IFF’s shares will continue to be traded on the TASE. Following the delisting of IFF’s shares of common stock on the TASE, IFF’s shares will continue to be listed on the New York Stock Exchange (“NYSE”) and all IFF shares now traded on the TASE are expected to be transferred to the NYSE where they can continue to be traded.
Welcome to IFF
At IFF (NYSE:IFF) (Euronext Paris: IFF) (TASE: IFF), we’re using Uncommon Sense to create what the world needs. As a collective of unconventional thinkers and creators, we put science and artistry to work to create unique and unexpected scents, tastes, experiences and ingredients for the products our world craves. Learn more at iff.com, Twitter , Facebook, Instagram, and LinkedIn.
