GSE announces delisting from New York Stock Exchange
Expects to begin trading on OTCQB Marketplace
GeosyntheticsMagazine.com | March 5, 2014
Houston-based GSE Holding Inc. (GSE) announced in a March 4 press release that it has been notified that because it was not in compliance with the continued listing standards set forth by the New York Stock Exchange, NYSE Regulation Inc. intends to delist the company’s common stock.
GSE, a worldwide provider of engineered geosynthetic containment products for environmental protection and confinement applications, previously disclosed that it had fallen below the NYSE’s continued listing standard.
The press release said that GSE does not intend to appeal the delisting determination, and that it anticipated the delisting of its common stock from the NYSE effective March 5, 2014.
The release continued: “[GSE] expects that its common stock will be traded on the OTCQB Marketplace beginning on Wednesday, March 5, 2014, under the ticker symbol GSEH. The company can provide no assurance that any trading market for these securities will exist on the OTCQB Marketplace. The OTCQB Marketplace is a market tier operated by OTC Markets Group Inc. for over-the-counter traded companies.”
GSE is a global manufacturer and marketer of geosynthetic lining products and services used in the containment and management of solids, liquids and gases for organizations engaged in waste management, mining, water, wastewater, and aquaculture. Its principal products are polyethylene-based geomembranes, geonets, geocomposites, geosynthetic clay liners, concrete protection liners, and vertical barriers.
For more information: www.gseworld.com