REG-VerizonCommunication: Verizon Applies To Cancel Listing & Trading On LSE <Origin Href="QuoteRef">VZ.N</Origin>

Verizon CommunicationsAnnouncement

26/02/2016 14:00

Verizon Communications Inc. Applications For Cancellation Of Listing On The  
Official List And Of Trading On The Standard Segment Of The Main Market Of The 
                             London Stock Exchange                             

NEW YORK, Feb. 26, 2016  -- Verizon Communications Inc. (the "Company")
announces that it has made an application (i) to the UK's Financial Conduct
Authority for the Company's common stock with a par value of US$0.10 each
(ISIN: US92343V1044) (the "Common Stock") to be delisted from the Official List
and (ii) to the London Stock Exchange to cancel trading of the Common Stock on
the standard segment of the Main Market of the London Stock Exchange (together,
the "Cancellation").

It is anticipated that the Cancellation will take effect on 31 March 2016.

The Cancellation is being sought for the following reasons:

  * only a small amount of trading in the Common Stock is conducted on the
    London Stock Exchange;
  * generally, the Company will be subject to a lighter regulatory burden
    following the Cancellation, thereby reducing resources devoted to
    compliance matters; and
  * in practical terms, as the Company is also listed on the New York Stock
    Exchange and the Nasdaq Global Select Market, the continued trading of the
    Common Stock on the London Stock Exchange does not afford the Company a
    material advantage in terms of additional sources of funding relative to
    the on-going cost of maintaining this listing.

For further information, please contact:

William L. Horton, Jr.
Senior Vice President,
Deputy General Counsel and Corporate Secretary

Email:  william.horton@verizon.com



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