American Italian Pasta Company has been granted an additional trading period of up to six months by the New York Stock Exchange (NYSE).
Trading will last until 31 December, to allow the pasta company to complete and file its Annual Report on Form 10-K for the 2005 financial year with the Securities and Exchange Commission (SEC). Trading of the company’s shares will remain unaffected during the period, which is subject to review by the NYSE on an ongoing basis.
In the event that the company does not file its report on time, NYSE Rule 802.01E requires the NYSE to move forward with the initiation of suspension and delisting procedures.
American Italian said it expects to meet the timing requirements set out by the NYSE.