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Monday, July 11, 2011
Hyperdynamics Corp. is seeking to transfer all its common stock to the NYSE from the NYSE AMEX. The company expects to begin trading on the NYSE on or about July 11, retaining its current ticker symbol HDY.
The company voluntarily delisted its common stock from AMEX on July 8.
“Our move to the NYSE is an important next step in our progress as a company and in our drive to build shareholder value for the long term,” said Ray Leonard, Hyperdynamics president and CEO. “We expect this transition to benefit our growing slate of both institutional and retail shareholders through increased liquidity and visibility, not only in North America, but also Europe and across the globe.”
“The NYSE is one of the world's premier exchanges and home to many other oil and gas exploration and production companies. We are very proud to be joining those companies in trading on the world’s largest stock market. We enjoyed the service and support while listed on the NYSE Amex platform,” Leonard added.
“We are pleased to welcome Hyperdynamics to the New York Stock Exchange,” said Scott Cutler, Executive VP of NYSE Euronext. “This move within the NYSE Euronext family is an important milestone, and we congratulate this emerging independent E&P company on its accomplishment. HDY should expect to benefit from the exceptional global visibility and superior market quality and services that a listing on an NYSE Euronext market provides.”
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