Parker Drilling Company Files Form 25 to Voluntarily Delist its Common Stock from the New York Stock Exchange
PARKER DRILLING (PKD)
Last parker drilling earnings: 11/5 04:20 pm
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US:NYSE Investor Relations:
investors.parkerdrilling.com
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Source: PR Newswire
HOUSTON, Jan. 29, 2020 /PRNewswire/ -- Parker Drilling Company (NYSE: PKD) (the "Company") today filed a Form 25 with the Securities and Exchange Commission ("SEC") to voluntarily delist its shares of common stock from trading on the New York Stock Exchange in connection with its previously announced plan to deregister its common stock under the Securities Exchange Act of 1934, as amended (the "Exchange Act"). The Company expects that the delisting will occur ten calendar days after the filing of the Form 25 so that trading will be suspended on February 10, 2020 prior to the market opening. Following the delisting, the Company's Board of Directors (the "Board") will evaluate updated ownership data to ascertain the aggregate costs within the ranges of stock split ratios that the Company's stockholders approved at a special meeting on January 9, 2020. Based upon this analysis, the Board will determine the appropriate ratio to effectuate a reverse stock split, which will be followed imme
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