General Motors Corporation (NYSE: GM) announced today that at the Corporation's request, the Financial Services Authority ("FSA") in the U.K. has authorized shares of GM's $1-2/3 Par Value Common Stock to be delisted from trading on the London Stock Exchange ("LSE") at the opening of trading on the LSE on Monday, May 21, 2007.
The request by GM for delisting on the LSE is part of GM's plan to concentrate the trading of its shares on the NYSE, to eliminate the listing fees charged by other exchanges, and to avoid multiple regulatory schemes that govern corporations whose shares are traded on exchanges located in more than one jurisdiction. GM recently delisted its shares from the Toronto Stock Exchange, Pacific Stock Exchange, Chicago Stock Exchange and Philadelphia Stock Exchange in North America and the Frankfurt Stock Exchange and Dusseldorf Stock Exchange in Germany.
General Motors Corp. (NYSE: GM), the world's largest automaker, has been the global industry sales leader for 76 years. Founded in 1908, GM today employs about 280,000 people around the world. With global headquarters in Detroit, GM manufactures its cars and trucks in 33 countries. In 2006, nearly 9.1 million GM cars and trucks were sold globally under the following brands: Buick, Cadillac, Chevrolet, GMC, GM Daewoo, Holden, HUMMER, Opel, Pontiac, Saab, Saturn and Vauxhall. GM's OnStar subsidiary is the industry leader in vehicle safety, security and information services.
More information on GM can be found at www.gm.com
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Source: General Motors
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