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Nasdaq Delists Marconi

Marconi will be delisted from the Nasdaq effective July 3, 2002, due to non-compliance with the minimum bid price requirements

June 28, 2002

1 Min Read

LONDON -- Marconi plc (London and Nasdaq: MONI) today confirmed that, as indicated on June 20, it has received notice from Nasdaq that, due to Marconi's non-compliance with the minimum bid price requirements set forth in Marketplace Rule 4450, Marconi's American Depositary Receipts (ADRs) representing its ordinary shares will be delisted from The Nasdaq National Market effective upon the opening of the market on July 3, 2002. Marconi's ADRs are expected to commence trading on the OTC Bulletin Board as of such date.Marconi PLC

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