GOTEBORG, Sweden, June 16, 2003 (PRIMEZONE) -- As announced earlier, Volvo AB (Nasdaq:VOLVY) (Other OTC:VOLVF) (Other OTC:VOLAFK) has applied to be delisted from the First Market of the Euronext Brussels stock exchange. This application has now been approved and the Volvo share will be delisted from the official list as of June 16, 2003.
In January, Volvo announced that the Company's Board had decided to apply to be delisted from the First Market on Euronext Brussels. Volvo's international depositary receipt has been listed on First Market Brussels since 1985. This listing was a feature of the then Board's efforts to increase international ownership in Volvo. However, the deregulation of the international capital markets and the increased foreign ownership of shares on Stockholmsborsen have meant that this special listing has outlived its usefulness.
Bank Brussels Lambert (BBL) will, however, provide for the listing of Volvo's international depositary receipt on the Trading Facility Market of Euronext Brussels as of June 17, 2003.
June 16, 2003
For further information, please contact Fredrik Brunell, Tel: +46 (0)31-66 11 91, or Patrik Stenberg, Tel: +46 (0)31-66 13 36.
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http://www.waymaker.net/bitonline/2003/06/16/20030616BIT00480/wkr0001.doc
http://www.waymaker.net/bitonline/2003/06/16/20030616BIT00480/wkr0002.pdf