The company’s common stock, which will continue to trade under the ticker symbol OSG, is expected to commence trading on the NYSE from 28th June, 2016.
In the interim, the company’s common stock will remain on the NYSE MKT.
“Our return to the NYSE is an important milestone for the company made possible by the hard work of our employees and the support of shareholders,” said Capt Ian Blackley, OSG’s president and CEO.“We believe listing on the NYSE, one of the world’s most prestigious stock exchanges, will enhance trading liquidity of our common stock and contribute to increasing shareholder value.”
John Tuttle, NYSE’s global head of listings, said, “We congratulate OSG on its return to the NYSE and are proud to mark this exciting new chapter for the company and its shareholders.”
The approval to transfer its listing to the NYSE is contingent upon OSG being in compliance with all applicable listing standards on the date it begins trading.
OSG has provided the NYSE with additional information to help the company list its common stock. This information was included in OSG’s original listing application and is available to the public upon request, the company said.