Oi delists ADRs from NYSE

2 Nov 2021

Rio de Janeiro-based Oi has confirmed that it voluntarily delisted its Common American Depositary Receipts (ADRs) from the New York Stock Exchange (NYSE) on 28 October. As a result, the Common ADRs began to trade over-the-counter (OTC) under the ticker symbol ‘OIBZQ’. (Note: OTC transactions occur directly between two parties, without the supervision of an exchange.)

Oi will continue to be registered under the US Securities Exchange Act of 1934 for the time being, and the company will continue to comply with its reporting obligations under the Exchange Act. Once it meets the criteria for terminating its reporting obligations, it intends to file a Form 15F with the SEC to deregister and terminate its reporting obligations.

Brazil, United States, Oi