NYSE to Commence Delisting Proceedings Against SIGNA Sports United N.V. (SSU)
NEW YORK, October 11, 2023--(BUSINESS WIRE)--The New York Stock Exchange ("NYSE" or "Exchange") announced today that the staff of NYSE Regulation has determined to commence proceedings to delist the two securities enumerated below ("Securities") of SIGNA Sports United N.V. (the "Company") from the NYSE. Trading in the Company’s Securities will be suspended immediately.
Symbol | Description |
SSU | Ordinary Shares, nominal value €0.12 per share |
SSU WS | Public Warrants, each whole warrant to purchase one Ordinary Shares at an exercise price of $11.50 |
NYSE Regulation has determined that the Company’s Securities are no longer suitable for listing based on "abnormally low" price levels, pursuant to Section 802.01D of the Listed Company Manual.
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 Company’s Securities upon completion of all applicable procedures, including any appeal by the Company of the NYSE Regulation staff’s decision.
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Contacts
Company Contact:
SSU Investor & Media Contact
investors@signa-sportsunited.com
NYSE Contact:
NYSE Communications
PublicRelations-NYSE@ice.com
