Head N.V. said it plans to delist its ordinary shares from the New York Stock Exchange (NYSE) and terminate its registration and reporting obligations under the US Securities Exchange Act of 1934.

Head said it will provide written notice to the NYSE of its intention to delist its ordinary shares. It intends to file a Form 25  with the Securities and Exchange Commission (SEC) on or about March 21. The delisting would be effective 10 days after this filing.

Head NV's ordinary shares will continue to be listed and trade on the Vienna Stock Exchange. Head NV has not arranged to list its ordinary shares on another national securities exchange or on the Nasdaq.

The company said its  Supervisory and Management boards decided to delist from the NYSE after considering the incremental regulatory, legal and reporting complexity and costs relating to the listing and SEC registration.

The company said the delisting and potential deregistration will not affect its business strategy in the United States nor its commitment to high standards of corporate governance and financial reporting. Head N.V. has adopted International Financial Reporting Standards and will continue to make English translations of its periodic and annual reports and other press releases available on its website.