Carnival PLC (NYSE: CUK) withdraws ADS listing on NYSE, Form 25 filed
Filing Impact
Filing Sentiment
Form Type
25-NSE
Rhea-AI Filing Summary
Carnival plc notified the New York Stock Exchange of the voluntary withdrawal of its American Depositary Shares from listing and registration. The Exchange filed Form 25 and certified compliance with Rule 12d2-2 and related Exchange procedures regarding the removal.
Positive
- None.
Negative
- None.
Insights
Form 25 documents a listing withdrawal, an administrative delisting step.
The filing shows the NYSE submitted Form 25 to strike Carnival plc's American Depositary Shares from listing under 17 CFR 240.12d2-2, and states both the Exchange and the issuer complied with the cited rules.
Cash-flow treatment and next trading venue are not disclosed in the excerpt; subsequent filings or exchange notices would clarify delisting timing and post-delisting trading arrangements.
Key Figures
Commission File Number: 001-15136
Security class: American Depositary Shares (1 ADS = 1 ordinary share)
Expiry date listed: March 31, 2018
3 metrics
Commission File Number
001-15136
Form 25 cover identification
Security class
American Depositary Shares (1 ADS = 1 ordinary share)
Description of the class being withdrawn
Expiry date listed
March 31, 2018
header expiry line on the form
Key Terms
Form 25, American Depositary Shares, 17 CFR 240.12d2-2
3 terms
Form 25 regulatory
"FORM 25 NOTIFICATION OF REMOVAL FROM LISTING"
A Form 25 is an official filing with the U.S. Securities and Exchange Commission used to remove a company's stock or other security from a national exchange list. Investors should care because delisting often means less visibility, lower trading volume and wider price swings—similar to a product moving from a major supermarket to a small local market, which can make buying, selling and valuing the security more difficult.
17 CFR 240.12d2-2 regulatory
"Pursuant to 17 CFR 240.12d2-2(b) ... 17 CFR 240.12d2-2(c)"
A U.S. Securities and Exchange Commission rule that describes the conditions and procedural steps for a security to be removed from public registration or reporting under the Securities Exchange Act of 1934. For investors, it matters because it explains when a company’s shares can stop being subject to regular disclosure and exchange listing rules — similar to knowing when a publicly tracked product will be discontinued and no longer send updates, which affects transparency and liquidity.
FAQ
Did the NYSE or Carnival fail to follow procedures in this delisting?
No. The filing states the New York Stock Exchange certified compliance with 17 CFR 240.12d2-2 and Carnival plc complied with Exchange rules governing voluntary withdrawal from listing and registration.
Which class of Carnival securities is affected by the Form 25?
The filing specifies American Depositary Shares, each representing one ordinary share, as the class being removed from listing and/or registration on the New York Stock Exchange.
Where can I find the regulatory citations referenced in the filing?
The filing cites 17 CFR 240.12d2-2(a)(1)–(4) and 17 CFR 240.12d2-2(b)/(c). These are the Exchange Act rules governing delisting notifications and procedural compliance.