NYSE to Suspend Trading in Eros Media World Plc (EMWP) and Commence Delisting Proceedings
The New York Stock Exchange ("NYSE") announced today that the staff of NYSE Regulation has determined to commence proceedings to delist the A Ordinary Shares of Eros Media World Plc (the "Company") ? ticker symbol EMWP ? from the NYSE. Trading in the Company's A Ordinary Shares will be suspended immediately.
NYSE Regulation reached its decision that the Company's A Ordinary Shares are not suitable for listing, because the Company is a late filer and has not filed with the Securities and Exchange Commission (the "SEC") its annual report on Form 20-F for the year ended March 31, 2021, current report on Form 6-K for the half year ended September 30, 2021 and annual report on Form 20-F for the year ended March 31, 2022 (collectively, the "Delayed Filings"). The Company was not able to complete the Delayed Filings by August 17, 2022, which is the maximum time allowed under Section 802.01E of the NYSE's Listed Company Manual.
The Company has a right to a review of this determination by a Committee of the Board of Directors of the Exchange. The NYSE will apply to the Securities and Exchange Commission to delist the A Ordinary Shares upon completion of all applicable procedures, including any appeal by the Company of the NYSE Regulation staff's decision.
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