HOUSTON, May 23, 2019 /PRNewswire/ — EP Energy Corporation (NYSE: EPE) (the “Company”) today confirmed that the New York Stock Exchange (“NYSE”) has suspended trading in the Company’s common stock, effective immediately, and has initiated proceeding to delist the common stock from the NYSE. The determination was based on “abnormally low” price levels of the Company’s common stock pursuant to Section 802.01D of the NYSE Listed Company Manual.
The NYSE stated that it will apply to the Securities and Exchange Commission (“SEC”) to delist the Company’s common stock upon completion of all applicable procedures.
The Company expects that its common stock will begin to trade on OTC Pink markets beginning May 24, 2019 under the symbol “EPEG”. The transition to the over-the-counter markets will not affect the Company’s business operations. The Company will remain subject to the public reporting requirements of the SEC following the transfer.
About EP Energy
The company focuses on enhancing the value of its high quality asset portfolio, increasing capital efficiency, maintaining financial flexibility, and pursuing accretive acquisitions and divestitures. EP Energy is working to set the standard for efficient development of hydrocarbons in the U.S. Learn more at epenergy.com.