NYSE Commences Delisting Proceedings for Farfetch Limited's Class A Ordinary Shares

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Original Filing Text

6-KListing RiskbearishImpact88

Listing Status: Delisting Proceedings Commenced
Trading Status: Suspended Immediately
Delisting Reason: Unsuitable for ListingBased on disclosures of bridge financing and asset disposal.
Company Response: No Appeal Intended

The NYSE is delisting Farfetch's Class A ordinary shares and will suspend trading immediately due to the company's financial situation and plans to dispose of assets

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The New York Stock Exchange (NYSE) has announced that it will commence proceedings to delist Farfetch Limited's Class A ordinary shares. Trading in the shares will be suspended immediately. The NYSE cited the company's recent disclosures regarding agreements to obtain bridge financing and to dispose of all of its assets as the reason for the delisting, deeming the shares unsuitable for listing. Farfetch does not intend to appeal these proceedings. This action will result in the removal of the company's securities from listing and registration on the NYSE upon the effectiveness of a Form 25-NSE filing

Score88

bearish

The NYSE's decision to delist and immediately suspend trading due to the company's financial distress and asset disposal plans creates significant liquidity risk and shareholder uncertainty.

NYSE will commence proceedings to delist the Company’s Class A ordinary shares.
Trading will be suspended immediately.
Company’s Class A ordinary shares are not suitable for listing.

NYSE filing of Form 25-NSE with the SEC for removal from listing and registration.

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Farfetch Limited

Date: December 19, 2023

/s/ José Neves

José Neves

Chief Executive Officer

SEC filing text preserved from the raw item store.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of December 2023

Commission File Number: 001-38655

Farfetch Limited

(Exact Name of Registrant as Specified in Its Charter)

The Bower

211 Old Street

London EC1V 9NR

United Kingdom

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F ☒ Form 40-F ☐

On December 19, 2023, The New York Stock Exchange (“NYSE”) issued a press release announcing that, as a result of the events disclosed in the Report on Form 6-K of Farfetch Limited (the “Company”) filed on December 18, 2023, the NYSE will commence proceedings to delist the Company’s Class A ordinary shares from the NYSE.

Accordingly, NYSE will file a Form 25-NSE with the Securities and Exchange Commission, which upon effectiveness, will remove the Company’s securities from listing and registration on the NYSE. The Company does not intend to appeal these matters.

A copy of the press release is attached to this Report on 6-K as Exhibit 99.1.

Exhibit List


Exhibit No.		Description

99.1		Press Release, dated December 19, 2023

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.