Orange announced plans to voluntarily deregister with the US Securities and Exchange Commission (SEC) and delist its shares from the New York Stock Exchange (NYSE), with the process starting in Q4.

The company stated that the decision was made by its board of directors yesterday, September 24, and that the action was motivated by the financial and administrative costs associated with keeping the company's listing and registration current. Orange said the procedure won't affect its relationships with partners, customers, or US presence, and it's still completely dedicated to having regular, transparent communication with market investors.

The operator group plans to keep up its American Depositary Receipt (ADR) scheme, which will let traders trade over-the-counter (OTC) and let investors keep their shares.  Orange set aside Q4 to submit its Form 25 application, notifying the SEC of its registration and departure from the NYSE.

Ten days following the filing, Wall Street will no longer be able to trade its American Depositary Shares. Additionally, two sets of debt securities it issued with the NYSE will be deregistered.

According to Orange, this choice was made in keeping with the Group's objective to increase internal efficiency and simplification while upholding the strictest standards of open financial reporting and corporate governance. The business declared that it will keep following International Financial Reporting Standards (IFRS) while releasing its financial reports.

The majority of Orange's domestic and international investors trade its shares on Euronext Paris, where the company will continue to list its shares.