Havas to Delist Nasdaq Shares

23 June 2006

PARIS - French advertising holding company Havas is to delist its shares from the American Nasdaq stock exchange effective from July.

The move follows Havas' reported non-compliance with the exchange's audit committee requirements following three resignations from the company's board of directors and audit committee.

Havas says it "has concluded that the company's ADS listing on Nasdaq is not providing sufficient liquidity to justify the cost and administrative burden".