Hess Corporation (NYSE: HES) (“Hess“) announced today that it has applied to the Ontario Securities Commission (the “OSC“) to cease to be a reporting issuer in Ontario (the “Order“). Hess has not been listed on a Canadian stock exchange for twenty years, and is not a reporting issuer in any other Canadian jurisdiction.
If the OSC grants the Order, Hess will cease to be a reporting issuer in Canada but will continue to file all financial statements and other continuous disclosure materials that it is required to file in accordance with applicable United States’ securities laws and the rules of the New York Stock Exchange (the “NYSE“). As a result of Hess ceasing to be a reporting issuer, some of Hess’s outstanding securities may be subject to resale restrictions within Canada under applicable Canadian securities laws.
All of Hess’s continuous disclosure documents are publicly available from the Securities and Exchange Commission at www.sec.gov and Hess’s Canadian securityholders will continue to receive copies of any continuous disclosure documents that Hess is required to deliver to securityholders in the United States, in the same manner and at the same time as is required under applicable United States’ securities laws and the rules of the NYSE.
This press release contains forwardlooking statements and forwardlooking information within the meaning of applicable securities laws. Such statements include, without limitation, statements pertaining to the Order and Hess’s continued delivery of continuous disclosure documents.
The forwardlooking statements are based on managements current expectations and beliefs concerning future developments and their potential effect on Hess based on information currently available to management. While management believes that these forwardlooking statements are reasonable as and when made, there can be no assurance that future developments affecting Hess will be those anticipated. Forwardlooking information involves known and unknown risks, uncertainties, assumptions and other factors that may cause actual results or events to differ materially from those anticipated in such forwardlooking information. Important factors that could cause actual results to differ materially from those in the forward-looking statements include, but are not limited to regulatory actions taken by the OSC. The forwardlooking statements contained in this press release are made as of the date hereof and Hess undertakes no obligations to update publicly or revise any forwardlooking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.
Hess Corporation is a leading global independent energy company engaged in the exploration and production of crude oil and natural gas. More information on Hess Corporation is available at http://www.hess.com.