UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 or 15d-16 OF
THE SECURITIES EXCHANGE ACT OF 1934
For May 1, 2007
BUNZL PLC
(Exact name of Registrant as specified in its charter)
ENGLAND
(Jurisdiction of incorporation or organisation)
110 Park Street, London W1K 6NX
(Address of principal executive offices)
(Indicate by check mark whether the registrant files or will file annual
reports under cover Form 20-F or Form 40-F.
Form 20-F..X.. Form 40-F.....
(Indicate by check mark whether the registrant by furnishing the information
contained in this form is also thereby furnishing the information to the
Commission pursuant to rule 12g3-2(b) under the Securities Exchange Act
of 1934.)
Yes ..... No ..X..
(If "Yes" is marked, indicate below the file number assigned to the registrant
in connection with Rule 12g3-2(b): )
NOT APPLICABLE
INDEX
Description
1. Press release dated May 1, 2007 - Delist
1 May 2007
BUNZL TO DELIST FROM THE NEW YORK STOCK EXCHANGE
AND DEREGISTER FROM THE SECURITIES EXCHANGE ACT OF 1934
Bunzl plc, the international distribution and outsourcing Group, today announces
that it intends to delist its American Depositary Shares ("ADS") from the New
York Stock Exchange ("NYSE") and to end the registration of its securities under
the Securities Exchange Act of 1934 ("Exchange Act").
The average daily trading volume of shares represented by ADSs is very small,
accounting for less than 1% of the total shares traded in the last 12 months,
and the majority of shares held by US domiciled investors are ordinary shares
acquired through the London Stock Exchange. As a result the Board believes that
the administrative burden and costs associated with the ADSs and the Exchange
Act registration outweigh the benefits to the Company and its shareholders.
Bunzl expects that its application for delisting from the NYSE will be submitted
so as to become effective on 4 June 2007 and that it will terminate its Exchange
Act reporting obligations with effect from 6 June 2007.
The Company intends to maintain its American Depositary Receipt facility with
the Bank of New York as a Level 1 programme. This means that the Company's ADSs
will be traded on the over-the-counter market. Accordingly the Company 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 medium in the United States. The Company's ordinary shares will
continue to trade on the London Stock Exchange.
Bunzl remains fully committed to its business operations in the United States
which it will continue to expand and develop. It also considers that United
States investors are an important part of its overall shareholder base. However
it wishes to focus its share trading volume on the London Stock Exchange thereby
reducing the costs and complexity of complying with two sets of regulations that
are substantively quite similar. After delisting and deregistration in the
United States, Bunzl will continue to maintain strong internal controls and high
standards of corporate governance throughout the Group.
Enquiries:
Bunzl plc Finsbury
Michael Roney, Chief Executive Roland Rudd
Brian May, Finance Director Mark Harris
Tel: 020 7495 4950 Gordon Simpson
Tel: 020 7251 3801
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.
BUNZL PLC
Date: May 1, 2007 By:__/s/ Michael Roney__
Title: Chief Executive Officer