- Report of Foreign Issuer (6-K)
13 7월 2009 - 7:49PM
Edgar (US Regulatory)
CONFORMED COPY
SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1933
July 13, 2009
Pharmaxis Ltd
2/10 Rodborough Road,
Frenchs Forest, NSW 2086
Australia
(Indicate by check mark whether the registrant files or will file annual reports under cover of
Form 20-F
or
Form 40-F.)
(Indicate by check mark whether the registrant by furnishing the information contained in this form
is also thereby furnishing the information to the Commission pursuant to
Rule 12g3-2(b)
under the
Securities Exchange Act of 1934.)
(If Yes is marked, indicate below the file number assigned to the registrant in connection with
Rule 12g3-2(b):
82-
.)
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ASX/Nasdaq Media Release
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13 July 2009
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Pharmaxis to Voluntarily De-List from Nasdaq
Pharmaxis (ASX: PXS, Nasdaq: PXSL) today announced a decision to voluntarily de-list from the
Nasdaq Global Market (Nasdaq).
Pharmaxis has recently completed a review of the demand from existing and potential international
investors for the secondary listing of its American Depositary Shares (ADSs) on Nasdaq and the
volume of Pharmaxis ADS trading in the secondary Nasdaq market. The review concluded that the
benefits of the Nasdaq listing could no longer justify the related ongoing costs.
Pharmaxis will file a Form 25 with the SEC on 23 July 2009 to commence the Nasdaq delisting
process. It is expected that the de-listing will take effect at the close of trading of Nasdaq on 3
August 2009. Pharmaxis will then file a Form 15F with the U.S. Securities and Exchange Commission
(SEC) to terminate its registration and to suspend its reporting obligations under the Securities
Exchange Act of 1934.
The Companys primary listing on the Australian Securities Exchange will continue without change.
While the Companys securities will not be listed on any exchange in the United States after the
deregistration process is complete, Pharmaxis intends to retain its Level 1 ADS program. Pharmaxis
ADS will therefore continue to trade in the U.S. over the counter market. There are no costs
associated with retaining the Level 1 ADS program.
All ADS holders will shortly receive a formal notice advising them of the change in the program and
providing instructions on how to proceed. The anticipated timetable for the de-listing from NASDAQ
and downgrade of the ADS program is set out as follows (New York time):
3 August 2009 Termination of NASDAQ listing and change of ADS program
3 August 2009 Registration with the SEC suspended
21 October 2009 Deregistration with the SEC effective
#ends#
SOURCE:
Pharmaxis Ltd, Sydney, Australia
CONTACT:
David McGarvey Chief Financial Officer
Ph: +61 2 9454 7200 or email david.mcgarvey@pharmaxis.com.au
RELEASED THROUGH:
Australia:
Felicity Moffatt, phone +61 418 677 701 or email
felicity.moffatt@pharmaxis.com.au
United States:
Brandon Lewis, Trout Group, phone +1 646 378 2915 or email
blewis@troutgroup.com
Page 1 of 1
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly
caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
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Pharmaxis Ltd
(Registrant)
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Date: July 13, 2009
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By:
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/s/ David McGarvey
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Name:
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David McGarvey
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Title:
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Chief Financial Officer
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Pharmaxis Limited - Sponsored Adr (Australia) (MM) (NASDAQ:PXSL)
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