Rica Foods, the parent company of Costa Rica’s largest poultry producer Corporacion Pipasa SA, has announced that it has officially been delisted from the American Stock Exchange (Amex).
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The company said that it had received a notice from the Amex Committee on Securities that the committee had affirmed the decision of the Listing Qualifications Panel to delist Rica’s common stock from Amex pursuant to Rule 1003(d) of the Amex Company Guide.
The Listing Qualifications Department had initiated delisting procedures because of Rica’s delinquency in filing required reports with the Securities and Exchange Commission (SEC).
Rica said that it now intends to seek quotation of its securities on the Pink Sheets, a centralised electronic quotation service for over-the-counter securities. However, the company said it could “give no assurance that trading in its stock will commence on the Pink Sheets or in any other forum”, and added that it may not be able to satisfy certain requirements of the Pink Sheets or other trading forums until it becomes current with the filing of its required SEC reports.
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