APN News & Media has announced its intention to delist from the NZX Main Board.

The company says it will continue to be listed on the ASX. It has proposed February 17 as the last day of trading on the NZX. After that APN shares will only be tradeable on the ASX.

Giving its reasons for delisting, APN says the number of shareholders on the New Zealand register represents a small fraction of its total shareholders and there has been minimal trading on the NZX for some time. In addition, APN has demerged its New Zealand business NZME.

APN says its New Zealand Shareholders may have their shares transferred to the Australian register or otherwise elect to sell their shares on market through the NZX prior to the NZX delisting It adds that, if shareholders are unsure whether their broker is able to effect transactions on the ASX, they should contact their broker directly.

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