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.
This press release contains forward‐looking statements and
forward‐looking 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
The forward‐looking statements are based on management’s 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 forward‐looking
statements are reasonable as and when made, there can be no assurance
that future developments affecting Hess will be those anticipated.
Forward‐looking 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
forward‐looking 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 forward‐looking statements contained in this press release
are made as of the date hereof and Hess undertakes no obligations to
update publicly or revise any forward‐looking 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.