LSC Communications Receives Delisting Notice from the New York Stock Exchange
LSC Communications, Inc. announced that it received notification from the New York Stock Exchange (NYSE) that the NYSE has determined to commence proceedings to delist LSC's common stock from the NYSE and that trading in the Common Stock on the NYSE has been suspended, effective immediately.
The NYSE reached its decision pursuant to Rule 802.01B of the NYSE Listed Company Manual because LSC did not meet the NYSE’s continued listing standard that requires listed companies to maintain an average global market capitalization of at least $15 million over a period of 30 consecutive trading days.
LSC Communications anticipates that its Common Stock will begin trading on the OTCQX Best Market under the symbol “LKSD”. The transition to the OTC markets will not affect LSC's business operations or its Securities and Exchange Commission reporting and does not conflict with or cause an event of default under any of LSC's material debt or other agreements.
The preceding press release was provided by a company unaffiliated with Printing Impressions. The views expressed within do not directly reflect the thoughts or opinions of the staff of Printing Impressions.