By Adria Calatayud

BT Group PLC (BT.A.LN) said Wednesday that it intends to delist its American depositary shares from the New York Stock Exchange and terminate its American depositary receipt program next month.

The U.K. telecommunications group said the move is aimed at reducing reporting costs and complexity. The company remains committed to its U.S. investor base and to its customers and colleagues in the U.S. and will continue to engage with U.S. equity and debt investors, it said.

BT said the delisting of its American depositary shares will become effective on Sept. 13 and its ADR program will terminate on Sept. 23.

Write to Adria Calatayud at adria.calatayudvaello@dowjones.com

(END) Dow Jones Newswires

August 14, 2019 06:55 ET (10:55 GMT)

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