The NYSE originally announced on October 13, 2011 its staff determination to delist the common stock and trading was suspended on the NYSE on October 20, 2011. As permitted under the rules of the NYSE, Horizon Lines, Inc. appealed this decision to a Committee of the Board of Directors of NYSE Regulation, Inc. (the “Committee”). The appeal was conducted on February 6, 2012 and NYSE Regulation, Inc.’s staff delisting determination was upheld by the Committee on February 29, 2012.
The delisting will become effective ten days after the Form 25 is filed unless postponed by the Commission.
See Section 802.00 of the NYSE Listed Company Manual for continued listing criteria and procedure for delisting