Energy Co of Parana (ELP) ADS removed from NYSE listing and registration
Rhea-AI Filing Summary
Energy Co of Parana is having its American Depositary Shares removed from listing and registration on the New York Stock Exchange under Section 12(b) of the Securities Exchange Act of 1934. The Form 25 applies to American Depositary Shares, each representing four Class A Preferred Shares. The New York Stock Exchange certifies that it has reasonable grounds to believe it meets all requirements for filing this Form 25 and that applicable exchange and SEC rules on striking or voluntarily withdrawing the securities from listing and registration have been satisfied.
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Insights
Energy Co of Parana ADSs are being removed from NYSE listing and registration.
The New York Stock Exchange filed Form 25 to remove Energy Co of Parana American Depositary Shares from listing and registration under Section 12(b) of the Exchange Act. The securities affected are ADSs, each representing four Class A Preferred Shares, so this change directly concerns holders of these depositary receipts rather than local shares.
The text states that both the exchange and the issuer have complied with the relevant SEC and exchange rules for striking or voluntarily withdrawing the securities. Once effective, the ADSs will no longer trade on the NYSE, which typically reduces trading convenience and may affect liquidity for U.S.-based investors. Future disclosures in company or exchange communications would clarify any alternative trading venues or structures available for these interests.
FAQ
What does the Form 25 filing mean for Energy Co of Parana (ELP)?
The Form 25 filing means Energy Co of Parana is having its American Depositary Shares removed from listing and registration on the New York Stock Exchange under Section 12(b) of the Securities Exchange Act of 1934.
Which Energy Co of Parana (ELP) securities are being removed from NYSE listing?
The securities affected are American Depositary Shares of Energy Co of Parana, with each ADS representing four Class A Preferred Shares.
Who filed the Form 25 for Energy Co of Parana (ELP) and under what authority?
The New York Stock Exchange LLC filed the Form 25, certifying it has reasonable grounds to believe it meets all requirements for the filing under Section 12(b) of the Securities Exchange Act of 1934 and related SEC rules.
Has Energy Co of Parana (ELP) complied with requirements for withdrawal from NYSE listing?
The text states that the issuer has complied with the exchange's rules and the requirements of 17 CFR 240.12d-2(c) governing the voluntary withdrawal of the class of securities from listing and registration on the exchange.
What is the Commission File Number associated with Energy Co of Parana's Form 25?
The Form 25 for Energy Co of Parana references Commission File Number 001-14668.
Who signed the NYSE Form 25 for Energy Co of Parana (ELP)?
The notification was signed on behalf of New York Stock Exchange LLC by Tyler Mastronardi, identified as Analyst, Market Watch.