NYSE to Suspend Trading in Key Energy Services (KEG), Commence Delisting
Get Alerts KEG Hot Sheet
Join SI Premium – FREE
The New York Stock Exchange announced today that the staff of NYSE Regulation has determined to commence proceedings to delist the common stock of Key Energy Services, Inc. (the “Company”) (NYSE: KEG)-- ticker symbol KEG -- from the Exchange. Trading in the Company’s common stock was suspended after the market close on the NYSE on November 27, 2019.
NYSE Regulation reached its decision to delist the common stock pursuant to Section 802.01B of the NYSE’s Listed Company Manual because the Company had fallen below the NYSE’s continued listing standard requiring listed companies to maintain an average global market capitalization over a consecutive 30 trading day period of at least $15,000,000.
The Company has a right to a review of this determination by a Committee of the Board of Directors of the Exchange. The NYSE will apply to the Securities and Exchange Commission to delist the common stock upon completion of all applicable procedures, including any appeal by the Company of the NYSE Regulation staff’s decision.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Alphabet (GOOGL) soars 16% on Q1 results beat, first-ever dividend
- Marex Group (MRX) Prices 15.38M Share IPO at $19/sh
- USCB Financial Holdings (USCB) Reports Q1, Announces 500K Share Buyback
Create E-mail Alert Related Categories
Corporate News, Trading HaltsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!