JUNE 23, 2016 — Tanker giant Overseas Shipholding Group, Inc. (NYSE:OSG) says it has been approved by the New York Stock Exchange ("NYSE") to transfer its stock listing to the NYSE from the NYSE MKT.
The company's common stock, which will continue to trade under the ticker symbol OSG, is expected to commence trading on the NYSE effective Tuesday, June 28, 2016. Prior to that date, the company's common stock will remain on the NYSE MKT, but trading on the NYSE MKT will cease concurrent with the listing of its common stock on the NYSE.
"Our return to the NYSE is an important milestone for the company made possible by the hard work of our employees and the support of shareholders," said Captain Ian T. Blackley, OSG's president and CEO. "We believe listing on the NYSE, one of the world's most prestigious stock exchanges, will enhance trading liquidity of our common stock and contribute to increasing shareholder value."
In recognition of the transfer, Captain Blackley along with members of the company, will ring the NYSE Opening Bell on Tuesday, June 28, 2016.