CNOOC Limited to Deregister and Terminate Reporting to U.S. SEC
CNOOC Limited announced that the Company intends to deregister with the United States Securities and Exchange Commission (the “SEC”) and terminate reporting obligations under the U.S. Securities Exchange Act of 1934, as amended (the “Exchange Act”).
The New York Stock Exchange LLC filed Form 25 with the SEC on October 12, 2021 (Eastern Standard Time), and the delisting of the Company’s American depository shares became effective following the close of the market in New York on October 22, 2021 (Eastern Standard Time). As such, the Company intends to file Form 15F with the SEC on November 30, 2021 (Eastern Standard Time) to deregister all classes of its registered securities, including its equity securities and all classes of debt securities issued by its wholly-owned subsidiaries in registered offerings which are guaranteed by the Company, and terminate its reporting obligations under Section 13(a) and 15(d) of the Exchange Act. Thereafter, all of the Company’s reporting obligations under the Exchange Act will be suspended from the date of filing the Form 15F unless the Form 15F is subsequently withdrawn or denied. Deregistration and termination of the Company’s reporting obligations under the Exchange Act are expected to become effective 90 days after the filing of Form 15F. Once the Form 15F is filed, the Company will publish the information required under Rule 12g3-2(b) under the Exchange Act on its website, www.cnoocltd.com.
In addition, the Company’s American depositary shares program will be terminated in due course in accordance with the deposit agreement. The Company’s shares will continue to be listed and traded on The Stock Exchange of Hong Kong Limited.
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