SED International Holdings, Inc. (NYSE MKT: SED), a multinational supply chain management provider and distributor of leading computer technology, consumer electronics, and small appliance products, today announced that it determined to voluntarily delist its Common Stock and the associated Preferred Stock Purchase Rights from the NYSE MKT. The trading of SED’s Common Stock is currently halted on the NYSE MKT. The Board of Directors of SED determined that delisting of SED’s Common Stock from the NYSE MKT is in the best interests of SED and its shareholders in light of SED’s existing financial condition.
On November 15, 2013, SED formally notified the NYSE MKT of SED’s intention to file a Form 25 (Notification of Removal from Listing and/or Registration under Section 12(b) of the Securities Exchange Act of 1934) with the Securities and Exchange Commission on or about November 26, 2013 to voluntarily delist its Common Stock and the associated Preferred Stock Purchase Rights from the NYSE MKT. SED expects that the delisting will take effect on or about December 9, 2013, following the effectiveness of SED’s Form 25. SED does not intend to re-list its Common Stock on another securities exchange, but expects that its Common Stock will be quoted on the OTC Markets.
Forward Looking Statements
Certain statements made in this press release are “forward-looking statements.” Such statements involve known and unknown risks, uncertainties and other factors that may cause SED’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. The forward-looking statements included herein are based on current expectations that involve numerous risks and uncertainties. SED’s plans and objectives are based, in part, on assumptions involving judgments with respect to, among other things, future economic, competitive and market conditions and future business decisions, all of which are difficult or impossible to predict accurately and many of which are beyond SED’s control. Any of the assumptions could prove inaccurate, and, therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, particularly in view of the current state of SED’s operations, the inclusion of such information should not be regarded as a statement by SED or any other person that SED’s objectives and plans will be achieved. Factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements include, but are not limited to, the factors set forth under the heading “Risk Factors” in SED’s Annual Report on Form 10-K and other SEC reports.
Investor Relations Contact
Sham Gad, 770-243-1123
Chairman of the Board
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Press Release Service provided by PRConnect.
Stock quotes supplied by Telekurs USA
Postage Rates Bots go here