NEW YORK–(BUSINESS WIRE)–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.