Educational software company Riverdeep today announced that it is to delist its shares from the Nasdaq technology index and take up a full listing on the Irish Stock Exchange.
Riverdeep chief executive Mr Barry O'Callaghan said the decision has been taken to consolidate the company's trading liquidity on one market.
A company statement said Riverdeep’s board feels the move will better reflect the needs and European domicile of the company's shareholder base.
Riverdeep shares are currently traded in Dublin and on the Nasdaq through American Depository Shares (ADSs).
The termination of the ADS agreement is to take place on October 30th, 2002.
Davys will continue as Riverdeep's stockbroker.
