MILWAUKEE--(BUSINESS WIRE)--Rockwell Automation, Inc. (NYSE: ROK), the world’s largest company dedicated to industrial automation and digital transformation, announced today that it has voluntarily applied to the Ontario Securities Commission (OSC) for an order that it cease to be a reporting issuer in Ontario. Rockwell Automation is not a reporting issuer in any other jurisdiction in Canada. Rockwell Automation became a reporting issuer in Ontario in connection with the previous listing of its common stock on the Toronto Stock Exchange, from which it voluntarily delisted in 1995 due to low trading activity. Rockwell Automation is applying to cease to be a reporting issuer as its common stock has not been listed on any Canadian stock exchange for 25 years.
If the OSC grants the order, Rockwell Automation will no longer be required to file financial statements and other continuous disclosure documents with the OSC. A decision by the OSC that Rockwell Automation is not a reporting issuer in Canada will not affect Rockwell Automation’s New York Stock Exchange (NYSE) listing or its obligations to file financial statements and other continuous disclosure documents as required under U.S. securities laws and NYSE rules. All continuous disclosure documents of Rockwell Automation will continue to be publicly available to all securityholders of Rockwell Automation, including Canadian securityholders, at www.sec.gov and on Rockwell Automation’s website at https://ir.rockwellautomation.com/investors/default.aspx
If Rockwell Automation ceases reporting in Canada, Rockwell Automation’s Canadian resident securityholders will continue to receive copies of the continuous disclosure documents that are required to be delivered to U.S. resident securityholders in the same manner and at the same time as the U.S. resident securityholders as required under U.S. securities laws and NYSE rules.
Holders of shares of common stock of Rockwell Automation resident in Canada are advised to seek Canadian legal advice prior to any resale of their shares.
Cautionary Statement Regarding Forward Looking Statements
This news release contains statements (including certain projections and business trends) that are “forward-looking statements” as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as “believe”, “estimate”, “project”, “plan”, “expect”, “anticipate”, “will”, “intend” and other similar expressions may identify forward-looking statements. Actual results, including whether the order sought from the OSC, may differ materially from those projected as a result of certain risks and uncertainties, many of which are beyond our control. We undertake no obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
About Rockwell Automation
Rockwell Automation, Inc. (NYSE: ROK) is a global leader in industrial automation and digital transformation. We connect the imaginations of people with the potential of technology to expand what is humanly possible, making the world more productive and more sustainable. Headquartered in Milwaukee, Wisconsin, Rockwell Automation employs approximately 23,000 problem solvers dedicated to our customers in more than 100 countries. To learn more about how we are bringing The Connected Enterprise to life across industrial enterprises, visit www.rockwellautomation.com.