Infosys on Thursday said its American Depository Shares (ADS) have been approved for listing on the NYSE Euronext Paris by the French market regulator. The software services company said it has also applied for listing on NYSE Euronext London and expects the UK Listing Authority (UKLA) to approve its application after a hearing slated for February 18.
The move is aimed at attracting investors in Europe, increase the access to the stock and broadening the trading window available for the company’s global investors.
Infosys had last month announced plans to shift its ADS to the NYSE from Nasdaq.
?Infosys’ ADS are scheduled to begin trading on the Euronext exchanges and to be admitted to the Official List of the UKLA on February 20, 2013, The company?s ADS will trade under the symbol ?INFY? and be denominated in euros on the Euronext exchanges,? said a release from Infosys. ?This listing will not alter Infosys? share count, capital structure, or current stock listing on the NYSE, where it also trades under the symbol ?INFY?,? it said.
The company said the French Autorit? des march?s financiers has approved its prospectus for admission of ADS for listing and trading on the professional segment of NYSE Euronext Paris.
