The American Stock Exchange® (Amex®) announced today that the Securities and Exchange Commission (SEC) has approved a rule change modifying listing fees for transferring and dual listing issuers.
“The rule change demonstrates our commitment to being a competitive marketplace by enabling issuers to evaluate the benefits of switching to and/or dual listing on the Amex without paying duplicative listing fees,” said John McGonegal, Senior Vice President of Amex’s Equities Group. “The American Stock Exchange takes pride in moving forward with new initiatives to provide its customers with the value-added resources a growing company needs to thrive in today’s challenging marketplace.”
As of January 8, 2007:
• Issuers that transfer their listings to or dual list on the Amex will not be charged initial listing fees or listing application fees;
• Issuers that dual list on the Amex will be subject to the standard annual listing fees;
• Issuers that dual list on the Amex will not be charged listing of additional shares fees for a one-year period following the date of initial listing.
The new listing fees will make it possible for issuers listed on other exchanges to move their listings to or dual list on Amex without being required to pay fees that are duplicative of fees already paid to an exchange. Dual listed companies are permitted to keep their current trading symbol.
The text of the rule change is available on Amex’s website at http://www.amex.com/atamex/ruleFilings/2007/SR_Amex_2007_03_final.pdf
