TORONTO – Alliance Atlantis Communications has asked the NASDAQ Stock Market to delist its Class B common shares effective at the close of business today.
These shares trade under the symbol AACB.
"Given the very low volume of trading in our Class B common shares on NASDAQ, and the ongoing listing and administrative costs, it was determined that this listing was no longer cost-effective," said David Lazzarato, executive vice-president and CFO.
As a registrant under the Securities Exchange Act of 1934, the company will continue to have ongoing United States securities obligations, including those related to Sarbanes-Oxley.
The company’s Class B common shares will continue to be listed and trade on the Toronto Stock Exchange; trading symbol AAC.NV.B.
