Banco Bilbao Vizcaya Argentaria files Form 25 to withdraw NYSE listing
Rhea-AI Filing Summary
Banco Bilbao Vizcaya Argentaria, S.A. filed a Form 25 notification indicating a class of its securities will be removed from listing and/or registration on the New York Stock Exchange. The filing states the Exchange and the Issuer have followed the procedures under 17 CFR 240.12d2-2 for withdrawal/striking the securities. The document does not disclose an effective date, reason for the withdrawal, or details on which specific class/share series is affected.
Positive
- Exchange and issuer compliance with withdrawal procedures under 17 CFR 240.12d2-2
- Formal filing of Form 25 provides regulatory transparency about listing status change
Negative
- Class of securities will be removed/withdrawn from the New York Stock Exchange, which may reduce U.S. market liquidity
- Filing does not disclose an effective date or reason, leaving timing and investor impact unclear
Insights
Form 25 confirms NYSE delisting/withdrawal procedures were followed for BBVXF.
The filing explicitly states the New York Stock Exchange and the issuer complied with 17 CFR 240.12d2-2, which documents a formal removal/withdrawal process. This is an administrative notice rather than a financial disclosure: the filing itself does not provide an effective date or rationale.
Because the document lacks timing and class details, investors should treat this as a procedural step with material implications but no transactional numbers disclosed.
FAQ
What does the Form 25 filing mean for BBVXF?
The Form 25 indicates a class of Banco Bilbao Vizcaya Argentaria securities (symbol BBVXF) is being removed or withdrawn from listing on the New York Stock Exchange; the filing confirms procedural compliance but gives no effective date.
Does the filing state why BBVXF is being withdrawn from the NYSE?
No. The document only confirms compliance with 17 CFR 240.12d2-2 and does not provide a reason for the withdrawal.
Is there an effective date for the NYSE removal in this filing?
No effective date is disclosed in the provided Form 25 content.
What procedural rules are cited in the filing?
The filing cites 17 CFR 240.12d2-2 and references compliance with the Exchange's rules governing voluntary withdrawal/striking of securities.
Will this filing automatically delist BBVXF shares from U.S. markets?
The filing is the formal notice to the SEC and NYSE about removal/withdrawal; it signals delisting action but does not itself include timing or next steps in this document.