NYSE to Suspend Trading in the Third Cumulative Preferred Stock, $1.70 First Series of H.J. Heinz Company
15 Febbraio 2013 - 2:57PM
Business Wire
The New York Stock Exchange (“NYSE”) announced yesterday that
the staff of NYSE Regulation, Inc. (“NYSE Regulation”) has
determined to commence proceedings to delist the Third Cumulative
Preferred Stock, $1.70 First Series (“Preferred Stock”) of H. J.
Heinz Company (the “Company”) -- ticker symbol HNZ PR -- from the
NYSE. Trading in the Company’s Preferred Stock will be suspended
prior to the opening of trading on February 15, 2013.
NYSE Regulation has determined that the Preferred Stock is no
longer suitable for listing because it does not meet the minimum
continued listing distribution requirement of 100,000 publicly held
shares outstanding as set forth in Section 802.01 of the NYSE
Listed Company Manual.
The Company has a right to a review of this determination by a
Committee of the Board of Directors of NYSE Regulation. Application
to the Securities and Exchange Commission to delist the issue is
pending the completion of applicable procedures, including any
appeal by the Company of the NYSE Regulation staff’s decision.
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