DHX Media: Drops on plans to delist from Nasdaq

WildBrain

05/12/2019 15:37

** U.S.-listed shares of Canadian entertainment co  DHX.TO 
 DHXM.O  drop 7.3% to $1.14
    ** DHX to delist from Nasdaq as part of its cost savings
efforts
    ** Shares will continue trading on Toronto Stock Exchange
    ** "Costs and administrative requirements associated with
maintaining a dual listing are not justified at this time" - DHX
    ** So far this year, DHX's U.S.-listed shares have fallen
~32%

 (Reporting by Shariq Khan in Bengaluru)
 ((Shariq.Khan@thomsonreuters.com; Twitter: @s_qakhan))