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SCOR SE (“SCOR”) announces that its subsidiary SCOR Holding (Switzerland) Ltd. intends to apply for the voluntary delisting of its American Depositary Shares (“ADS”) from the New York Stock Exchange and to voluntarily terminate the registration of its securities under the U.S. Securities Exchange Act of 1934. SCOR Holding (Switzerland) Ltd. expects to file relevant applications on December 26, 2007.
SCOR Holding (Switzerland) Ltd. is delisting in order to reduce its regulatory compliance costs following the acquisition by SCOR of more than 98% of its outstanding shares and ADS. The delisting will prove cost-effective for the Group, allowing it to further realize the synergies expected from the combination of Converium (now called SCOR Holding (Switzerland) Ltd.) and SCOR.
SCOR Holding (Switzerland) Ltd. will continue to publish English language financial reports, financial statements, press releases and shareholder information, which will be available on its web site in accordance with Rule 12g3-2(b) under the U.S. Securities Exchange Act of 1934.
