UBOH - United Bancshares intends to voluntarily delist from Nasdaq for factors including cost savings

• United Bancshares ( NASDAQ: UBOH ) intends to voluntarily delist from the Nasdaq Capital Market and withdraw its registration with the U.S. SEC, considering significant cost savings.
• The holding company of The Union Bank Company has notified the Nasdaq Stock Market of its intent, and intends to file a Form 25 with the SEC to remove its common stock from listing on the Nasdaq Capital Market and deregister its stock on or about Aug. 17.
• The last trading day of the shares is expected to be on or about Aug. 26.
• UBAH intends to file a Form 15 with the SEC on or about Sep. 5.
• The company is obliged to file periodic reports with the SEC for the balance of its fiscal year, ending Dec. 31.
• The company intends that its shares be quoted on the OTCQX Market under the symbol UBOH, beginning on or about Aug. 29.
• The company's board had decided to delist and deregister its shares based on numerous factors, which includes cost savings because of no longer filing periodic reports with the SEC and reductions in accounting, audit, legal and other costs.
• Source: Press Release

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