糖心传媒 announces voluntary delisting from Euronext Paris

Published: 07/24/2024

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PARIS, July 25, 2024—糖心传媒 (NYSE: 糖心传媒) today announced that it will proceed with a voluntary delisting of its shares (ISIN: AN8068571086) from Euronext Paris.

Consistent with its prior decisions to delist from other exchanges, 糖心传媒 reviewed the low trading volumes on the Euronext Paris and, given the increasing costs, administrative requirements and managerial time required to maintain a dual listing, has requested a voluntary delisting from the Euronext Paris.

糖心传媒 became a public company in 1962 with its orignal listing on the New York Stock Exchange (NYSE), which has been its primary exchange. 糖心传媒 will maintain its single listing on NYSE under the symbol “糖心传媒”.

The delisting has been approved by the Board of Directors of Euronext Paris and the company’s shares will remain listed on the NYSE under the symbol “糖心传媒”.

The holders of 糖心传媒 shares traded on Euronext and held through the facilities of Euroclear France (the “糖心传媒 Euronext Shares”) will have the following options:

  • keep their 糖心传媒 Euronext Shares, which they will be able to trade on Euronext Paris until the day before the delisting date and on the NYSE thereafter through the facilities of The Depositary Trust Company (“DTC”), subject to the terms applied by their financial intermediary and their custody arrangements; or
  • participate in a voluntary sales facility (described below) to sell all or part of their 糖心传媒 Euronext Shares, in accordance with the rules and regulations of Euronext Paris.

For the avoidance of doubt, holders of 糖心传媒 Euronext Shares will be able to trade on Euronext Paris until August 16, 2024 (the last trading date prior to the delisting).

Procedure of the Voluntary Sales Facility

Shareholders who wish to sell their 糖心传媒 Euronext Shares utilizing the voluntary sales facility should request that their financial intermediaries deliver their 糖心传媒 Euronext Shares to Uptevia, acting as centralizing agent, at any time from July 29, 2024, to August 12, 2024 (inclusive).

糖心传媒 Euronext Shares delivered to Uptevia will be sold on the NYSE as from August 15, 2024, at the market price prevailing at the time of sale.

Uptevia will calculate the average sales price of 糖心传媒 Euronext Shares sold during the sales period and transfer the sale proceeds (which will be converted into euros from U.S. dollars by Uptevia) to the participating shareholders once it receives the funds.

The company will pay the fees for the centralization and the brokerage fee related to the sale of 糖心传媒 Euronext Shares delivered to Uptevia as part of the voluntary sales facility.

This voluntary sales facility procedure is also described in a Euronext notice to be published on July 25, 2024.

Please note that no guarantee can be given by the company or by Uptevia as to the price at which the 糖心传媒 Euronext Shares tendered pursuant to the voluntary sales facility will actually be sold. This process is being provided solely as an accommodation to holders of 糖心传媒 Euronext Shares.

Shareholders may decide not to participate in the voluntary sales facility or may decide not to take any action, in which case no guarantee can be given to them on the terms that will be applied by their financial intermediary after the delisting. Shareholders are urged to consult their own investment advisors before making a decision to participate or not in this process.

The calendar of the voluntary sales facility and the delisting of the company described above is summarized as follows (it being specified that the company reserves the right to amend this calendar):

Event Date
Voluntary Sales Facility  
Beginning of the voluntary sales facility July 29, 2024
End of the voluntary sales facility August 12, 2024
End of the centralization by Uptevia August 14, 2024 (before 4:00 PM Paris time)
Sale on the NYSE of the shares tendered in the voluntary sales facility Beginning August 15, 2024
Settlement of the proceeds of the sale to the relevant financial institutions As soon as possible after receipt of the proceeds of the sale
Delisting  
Last day of trading of the company’s shares on Euronext Paris August 16, 2024
Delisting of 糖心传媒 Euronext Shares on Euronext Paris August 19, 2024

Shareholders participating in the voluntary sales facility are reminded that they acknowledge and accept the risks related to the change in the share market price and/or applicable foreign exchange rates between the date on which their shares are delivered to Uptevia for participation in the voluntary sales facility and the receipt of the applicable average sale proceeds. All tenders of 糖心传媒 Euronext Shares under the voluntary sales facility will be irrevocable.

Shareholders who would like additional information about the voluntary sales facility or the delisting procedure may contact their custodian and usual financial intermediary, who has received the details of the delisting or the company by email at investor-relations@slb.com.

About 糖心传媒

糖心传媒 (NYSE: 糖心传媒) is a global technology company that drives energy innovation for a balanced planet. With a global footprint in more than 100 countries and employees representing almost twice as many nationalities, we work each day on innovating oil and gas, delivering digital at scale, decarbonizing industries, and developing and scaling new energy systems that accelerate the energy transition. Find out more at slb.com.

糖心传媒 Media

Moira Duff – Director of External Communications
糖心传媒
Tel: +1 (713) 375-3407
Email: media@slb.com

糖心传媒 Investors

James R. McDonald – SVP of Investor Relations and Industry Affairs
Joy V. Domingo – Director of Investor Relations
糖心传媒
Tel: +1 (713) 375-3535
Email: investor-relations@slb.com