Cushman & Wakefield (CWK) moves to delist common shares from NYSE under Form 25
Rhea-AI Filing Summary
Cushman & Wakefield plc is being removed from listing and registration on the New York Stock Exchange for its common shares under Section 12(b) of the Securities Exchange Act of 1934. The notification, filed on Form 25 by the exchange, states that the NYSE has complied with its own rules and the requirements of 17 CFR 240.12d2-2(b) to strike the common shares from listing and/or registration. It also notes that the issuer has complied with the exchange’s rules and 17 CFR 240.12d2-2(c) regarding voluntary withdrawal of the common shares from listing and registration. After this process is completed, Cushman & Wakefield’s common shares will no longer trade on the NYSE, which typically means investors must use another market or mechanism to buy or sell the stock.
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- Cushman & Wakefield common shares are being delisted from the New York Stock Exchange, removing the stock from a major U.S. trading venue and potentially affecting liquidity and visibility.
Insights
Cushman & Wakefield is exiting NYSE listing for its common shares.
The notification shows that Cushman & Wakefield plc common shares are being removed from listing and registration on the NYSE via Form 25 under Section 12(b). The text references both 17 CFR 240.12d2-2(b) and 12d2-2(c), indicating that the exchange and the issuer have followed the applicable procedures for striking and voluntarily withdrawing the listing.
Delisting from a major exchange generally reduces trading visibility and can affect liquidity and index inclusion, although the excerpt does not explain the underlying reason or identify any alternative listing venue. The actual impact for shareholders will depend on where and how the shares trade after NYSE removal and any subsequent corporate actions the company may take, which would be described in future company disclosures.
FAQ
What did Cushman & Wakefield plc (CWK) disclose in this Form 25?
The filing states that Cushman & Wakefield plc common shares are being removed from listing and registration on the New York Stock Exchange under Section 12(b) of the Securities Exchange Act of 1934.
Which Cushman & Wakefield (CWK) securities are affected by this Form 25?
The action applies to common shares of Cushman & Wakefield plc, which are being struck from listing and/or registration on the New York Stock Exchange.
Is the Cushman & Wakefield (CWK) NYSE delisting voluntary or exchange-initiated?
The document cites both 17 CFR 240.12d2-2(b) (exchange compliance to strike the class) and 17 CFR 240.12d2-2(c) (issuer compliance for voluntary withdrawal), indicating the requirements for both mechanisms have been satisfied.
Who certified the Form 25 for Cushman & Wakefield (CWK)?
New York Stock Exchange LLC certified that it has reasonable grounds to believe it meets all requirements for filing Form 25 and had the notification signed by an authorized person.
What does removal of Cushman & Wakefield (CWK) from NYSE listing mean for investors?
After the Form 25 process is completed, Cushman & Wakefield common shares will no longer trade on the NYSE, so investors would need to use another market or mechanism to trade the stock, depending on any subsequent arrangements the company makes.