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Further to the announcement made on 25 July 2007, "BG Group to delist from NYSE and to deregister from the US SEC", BG Group plc (BG) today announces that following the filing of a Form 25 with the SEC on 11 September 2007, the delisting of American Depositary Receipts (ADRs), each representing five ordinary shares in BG, from the New York Stock Exchange is now effective.
BG intends to maintain its ADR facility with JPMorgan as a Level 1 programme. This means that BG's ADRs will be traded on the over-the-counter market (OTC) in the United States, under the symbol BRGYY. BG's ordinary shares will continue to trade on the London Stock Exchange.
BG filed a Form 15F with the US Securities and Exchange Commission (SEC) on Friday 21 September 2007 to terminate its registration under the US Securities Exchange Act of 1934. The deregistration will be effective 90 days after the filing, unless the Form 15F is withdrawn by the Company or denied by the SEC. The Company will continue to publish its Annual Report and other documents and communications in accordance with Exchange Act Rule 12g3-2(b) on its website: www.bg-group.com
Notes to Editors:
BG Group plc is a global natural gas business. Active on five continents in over 25 countries, it operates four business segments - Exploration and Production, LNG, Transmission and Distribution and Power.
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There are matters discussed in this media information that are forward looking statements. Such statements are only predictions and actual events or results may differ materially. For a discussion of important factors which could cause actual results to differ from the forward looking statements, refer to the Company’s annual report and accounts for the year ended 31 December 2006. The Company does not undertake any obligation to update publicly, or revise, forward looking statements, whether as a result of new information, future events or otherwise, except to the extent legally required.
The United States Securities and Exchange Commission (SEC) permits oil and gas companies, in their filings with the SEC, to disclose only proved reserves that a company has demonstrated by actual production or conclusive formation tests to be economically and legally producible under existing economic and operating conditions. We use the term “gross reserves” in this release which the SEC's guidelines strictly prohibit us from including in filings with the SEC. US investors are urged to consider closely the disclosure in our Form 20-F, File No. 1-09337, available from us at BG Group, 100 Thames Valley Park Drive, Reading RG6 1PT, Attention: Company Secretary. You may read and copy this information at the SEC's public reference room, located at 100F Street N.E., Room 1580, Washington, D.C. 20549. Please call the SEC at 1-800-SEC-0330 for further information on the public reference room. This filing is also available at the internet website maintained by SEC at http://www.sec.gov.
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