DiamondRock Hospitality (NYSE: DRH) files Form 25 to end NYSE listing of common stock
Rhea-AI Filing Summary
DiamondRock Hospitality Company has filed a Form 25 to remove its common stock from listing and/or registration under Section 12(b) of the Securities Exchange Act on the New York Stock Exchange. The filing covers the company’s common stock with a par value of $0.01 per share. The company states that both the Exchange and the issuer have complied with the applicable rules under 17 CFR 240.12d2-2(b) and 17 CFR 240.12d2-2(c) for striking the securities from listing and withdrawing their registration.
Positive
- None.
Negative
- NYSE listing and Section 12(b) registration for DiamondRock’s common stock are being removed, which can materially affect liquidity and market visibility.
Insights
DiamondRock moves to delist its common stock from the NYSE, ending Section 12(b) registration.
DiamondRock Hospitality Company has notified regulators via Form 25 that its common stock, par value $0.01, will be removed from listing and/or registration under Section 12(b) on the New York Stock Exchange. The text references both Exchange-initiated and issuer-initiated delisting provisions under 17 CFR 240.12d2-2.
The company notes that the Exchange has complied with its rules to strike the class of securities from listing under 17 CFR 240.12d2-2(b), and that the issuer has complied with Exchange rules and 17 CFR 240.12d2-2(c) regarding withdrawal of listing and registration. This means the security will no longer be traded on the NYSE under a Section 12(b) listing framework once the process is completed.
For investors, a removal from NYSE listing typically affects trading venue, liquidity, and index inclusion, although this excerpt does not state where, if anywhere, the shares might trade afterward or whether other registration provisions will apply. Future company disclosures may clarify any alternative trading arrangements or regulatory status following the effectiveness of the Form 25.