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BOSTON Havas today said it would delist its American Depositary Shares from the Nasdaq Stock Exchange and terminate its American Depositary Receipts program.
The delisting takes effect on July 28. The Paris-based holding company will cease accepting new deposits under the ADR program as of June 23.
Havas in a statement said it decided to delist after receiving a letter on June 16 from Nasdaq regarding the company’s non-compliance with the exchange’s audit committee requirements following the resignations of Pierre Bouchut, Laurence Parisot and Michel Boutinard Rouelle from Havas’ board of directors and audit committee.
Havas
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