DETROIT, Aug. 16, 2017 /PRNewswire/ -- General Motors Co.
(NYSE: GM; TSX: GMM.U) today announced that it has applied and
received approval for a voluntary delisting of its common stock
from the Toronto Stock Exchange (TSX) in Canada. The delisting from the TSX will not
affect the company's listing on the New York Stock Exchange
(NYSE).
Trading on the NYSE and alternative platforms accounts for a
vast majority of GM's current daily trading volume. Given the
relatively low trading volume of its shares on the TSX and the fact
that GM's NYSE listing provides its shareholders with sufficient
liquidity, the company believes that the costs associated with
maintaining a dual listing are no longer justified. Accordingly,
effective at the close of markets on Nov.
30, 2017 the company's shares will no longer be traded on
the TSX.
After delisting from the TSX, the company's common stock will
continue to trade on the NYSE under the symbol GM. Shareholders
will be able to continue to trade their shares on other exchanges
and those who wish to do so should contact their broker or
investment manager for further details.
The Toronto Stock Exchange has neither approved nor disapproved
the information contained herein.
General Motors Co. (NYSE: GM, TSX: GMM), its subsidiaries
and joint venture entities produce and sell vehicles under the
Chevrolet, Cadillac, Baojun, Buick, GMC, Holden, Jiefang and Wuling brands.
GM has leadership positions in several of the world's most
significant automotive markets and is committed to lead the
future of personal mobility. More information on the company and
its subsidiaries, including OnStar, a global leader in vehicle
safety, security and information services, can be found at
http://www.gm.com.
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SOURCE General Motors Co.