FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Report of Foreign Issuer
Pursuant to Rule 13a-16 or 15d-16
of the Securities Exchange Act of 1934
For the month of July
BG Group plc
100 Thames Valley Park Drive
Reading RG6 1PT
ENGLAND
(Address of principal executive offices)
The registrant files annual reports under cover of Form 20-F. By furnishing
the information contained in this Form the reigistrant is not also furnishing
the information to the Commission pursuant to Rule 12g3-2(b) under the
Securities Exchange Act of 1934.
News Release
25 July 2007
BG Group to delist from NYSE and to deregister from the US SEC
BG Group plc (LSE BG.L, NYSE BRG) announced today its intention to delist from
the New York Stock Exchange (NYSE) and to deregister and terminate its reporting
obligations under the Securities Exchange Act of 1934.
The Group will provide written notice to the NYSE of its intention to delist. It
intends to file a Form 25 with the Securities and Exchange Commission (SEC)
during September 2007 to effect the delisting. The delisting is expected to be
effective 10 days after this filing. The Group also intends to file a form 15F
with the SEC to deregister and terminate its reporting obligations under the
Securities Exchange Act before the end of September 2007. Deregistration will be
effective 90 days after the filing, unless the Form 15F is earlier withdrawn by
the Group or is denied by the SEC.
The company reserves the right to delay the filing of Forms 15F and 25 or to
withdraw them for any reason prior to their effectiveness.
BG Group intends to maintain its American Depositary Receipt (ADR) facility with
JP Morgan as a Level 1 programme. This means the Group's American Depositary
Shares (ADSs) will be traded on the U.S. over-the-counter market tier known as
International OTCQX. Accordingly, the Group has not arranged for the listing of
its ADSs or ordinary shares on another national securities exchange or for the
quotation of its ADSs or ordinary shares in a quotation system in the U.S. The
Group's ordinary shares will continue to trade on the London Stock Exchange.
BG Group Chief Financial Officer Ashley Almanza said: "This move will reduce
costs and complexity without in any way detracting from our standards of
governance and control. As less than 3 per cent of our shares are held through
the ADR programme, it no longer makes sense from a cost and administrative
perspective to maintain our SEC registration and NYSE listing. BG Group will
continue to comply with the Combined Code on Corporate Governance and the UK
Listing Authority (UKLA) Listing, Disclosure and Transparency Rules and to
maintain quarterly reporting. The Group will also continue to use the SEC
definition of proved reserves to report its proved oil and gas reserves in its
Annual Report and Accounts."
BG Group expects to continue publishing its Annual Report and Accounts and other
documents and communications in accordance with Exchange Act Rule 12g3-2(b) on
its website www.bg-group.com.
There are matters discussed in this media information that are forward looking
statements. Such statements are only predictions and actual events or results
may differ materially. For a discussion of important factors which could cause
actual results to differ from the forward looking statements, refer to the
Company's annual report and accounts for the year ended 31 December 2006. The
Company does not undertake any obligation to update publicly, or revise, forward
looking statements, whether as a result of new information, future events or
otherwise, except to the extent legally required.
Notes to Editors:
BG Group plc is a global natural gas business. Active on five continents in 25
countries, it operates four business segments - Exploration and Production, LNG,
Transmission and Distribution and Power.
Enquiries:
Communications: +44 (0) 118 929 3717
Out of hours media mobile: +44 (0) 791 718 5707
Investor Relations: +44 (0) 118 929 3025
Website: www.bg-group.com
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
BG Group plc
Date: 25 July 2007 By: ___Ben Mathews___
Ben Mathews
Company Secretary