SAN submits Form 25 notifying NYSE delisting of securities
Rhea-AI Filing Summary
Banco Santander, S.A. submitted a Form 25 notification indicating the removal of a class of its securities from listing and/or registration on the New York Stock Exchange LLC. The filing names the issuer and exchange and references the applicable SEC rules for delisting and withdrawal procedures. The document does not specify the exact class of securities being removed, the effective date of removal, which rule box was checked, or a signed certifying official.
Positive
- None.
Negative
- Removal from NYSE listing is indicated for a class of Banco Santander securities, which is a material change in trading venue or registration status.
- Key details are missing from the filing: the specific security class, effective date, and certifier signature are not provided in the text supplied.
Insights
Form 25 was filed to remove SAN securities from NYSE listing.
The filing formally notifies the New York Stock Exchange LLC that a class of Banco Santander, S.A. securities will be struck from listing and/or withdrawn from registration under the Exchange Act. It cites the standard delisting/withdrawal rule framework used for such notifications.
The document lacks key operational details such as the specific class of securities, an effective date, or a signed certifier. Watch for the subsequent notice of delisting, an issuer press release, or an Exchange determination that would provide the effective date and investor-impact details.