Deutsche Telekom to de-list shares from NYSE

Deutsche Telekom’s decision to de-list its American Depositary Shares (ADSs) from the New York Stock Exchange (NYSE) and de-register and terminate its reporting obligations with the Securities and Exchange Commission has been approved by its board.

The company plans to maintain an American Depositary Receipt programme on a Level I basis, which is presumed to allow investors to hold their securities in the form of ADSs.

Deutsche Telekom’s ordinary shares will continue to be traded on the Frankfurt Stock Exchange – including XETRA, its integrated electronic securities trading system – as well as on the German regional stock exchanges.

The company plans to submit the related Form 25 with the SEC on or around 11 June, 2010, and expects de-listing to become effective 10 days later, from which time the company’s ADSs will no longer be traded on the NYSE.