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Thursday, 31 May 2007 00:00

United Utilities will de-list from NYSE

United Utilities has announced plans to remove itself from the New York Stock Exchange and de-register from the US Securities and Exchange Commission –in order to reduce compliance costs.

The water utility and electricity network operator will keep its American Depositary Receipts facility with JPMorgan Chase Bank, and the shares will now be traded in the "over-the-counter" market in the US.

The company will continue to trade its shares on the London Stock Exchange.

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