Orange Shares Decline Amid Delisting Plan from NYSE and SEC Deregistration

Shares of French telecommunications giant Orange SA experienced a decline on Tuesday following the announcement of its intention to voluntarily delist its American Depositary Shares from the New York Stock Exchange and deregister with the U.S. Securities and Exchange Commission.

As of 4:18 am (0818 GMT), Orange’s stock was down 1.4% to €10.63.

The company stated that this decision aligns with its goal of enhancing internal simplification and efficiency while upholding high standards of corporate governance and transparent financial reporting.

Orange reassured that the delisting from the NYSE is not anticipated to impact its U.S. clients or partners, nor will it influence its overall presence in the U.S. market.

Furthermore, the French telecommunications group revealed plans to deregister two sets of debt securities that had previously been listed on the NYSE.