Express To Be Delisted By NYSE, Trade On OTC Pink Market (1)

(Updates with company statement)

The New York Stock Exchange said that it will begin proceedings to delist Express shares.

• Trading will be suspended immediately, NYSE said
• Shares will now trade publicly on OTC Pink Market under ticker “EXPR,” company said in a statement
  • Transition will not affect business operations or cause an event of default
• “Over the past several months, we have taken decisive steps to position Express for the long term, including implementing a series of cost-saving initiatives and streamlining our process to enhance operational efficiency,” said CEO Stewart Glendinning
• NOTE: Express Asked to Set Aside Cash Pool for ...