June 1, 2009 – Trading in General Motors corporation and related securities will open on the Stock Exchange following the normal indication process. See below for additional NYSE Regulation, Inc. Information.
NYSE Regulation, Inc. (“NYSE Regulation”) announced today that it determined that the common stock of General Motors Corporation (the “Company”) – ticker symbol GM – as well as the 10 related listed securities below, should be suspended prior to the opening on June 2, 2009.
NYSE Regulation has determined that the Company is no longer suitable for listing. This decision was reached in view of the June 1, 2009 announcement of a voluntary filing by the Company and three domestic subsidiaries for relief under Chapter 11 of the U.S Bankruptcy Code with the United States Bankruptcy Court in the Southern District of New York. NYSE Regulation noted the uncertainty as to the timing and outcome of the bankruptcy process, including the planned sale of substantially all of the Company’s global assets to a new entity, as well as the ultimate effect of this process on the Company’s equityholders and creditors.
The Company has a right to a review of this determination by a Committee of the Board of Directors of NYSE Regulation. Applications to the Securities and Exchange Commission to delist the issues are pending the completion of applicable procedures, including any appeal by the Company of the NYSE Regulation staff’s decision. The NYSE noted that it may, at any time, suspend a security if it believes that continued dealings in the security on the NYSE are not advisable.
| Issue Symbol | Registered Company Name | Registered Issue Name |
|---|---|---|
| BGM | General Motors Corporation | 7.375% Senior Notes Due May 15, 2048 |
| GBM | General Motors Corporation | 5.25% Series B Convertible Senior Debentures due March 6, 2032 |
| GMS | General Motors Corporation | 7.50% Senior Notes due July 1, 2044 |
| GMW | General Motors Corporation | 7.25% Quarterly Interest Bonds due April 15, 2041 (QUIBS) |
| GPM | General Motors Corporation | 6.250% Series C Convertible Senior Debentures Due 2033 |
| GXM | General Motors Corporation | 4.50% Series A Convertible Senior Debentures due March 6, 2032 |
| HGM | General Motors Corporation | 7.375% Senior Notes due October 1, 2051 |
| RGM | General Motors Corporation | 7.25% Senior Notes due February 15, 2052 |
| XGM | General Motors Corporation | 7.25% Senior Notes due July 15, 2041 |
| CYP | Lehman ABS Corporation | Corporate Backed Trust Certificates, Series 2001-8, Class A-1 due 6/15/2024 |
Category: Operations, Securities
