BSkyB removes itself from the NYSE

May 3, 2010

The satellite TV broadcaster BSkyB will be delisting its American Depository Shares (ADS) from the New York Stock Exchange (NYSE).

This is said to be in order to save on admin and costs, and with less than two per cent of BSkyB shares held on the ADR scheme it is clear to see how that could be true.

There was talk some time ago that the satellite, broadband and phone provider would be going private, buying up all available shares in the public arena before taking the company back into private hands.

Could this be the beginning of such a move?

In London, BSkyB shares have been on the rise since the company announced its figures on Thursday.

The delisting in New York be taking place around the 20th May.


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