BALA CYNWYD, PA / ACCESSWIRE / December 16, 2021 / Global Indemnity Group, LLC (NASDAQ: GBLI) (the âCompanyâ) today announced that it is transferring the listing of its Class A common shares and its 7.875% subordinated notes due 2047 to the New Stock Exchange. York (âNYSEâ) from the NASDAQ Global Select Market (âNASDAQâ).
Transfers to the NYSE are scheduled to take effect on January 3, 2022 and will trade under the symbols GBLI and GBLL respectively. Trading on NASDAQ is expected to continue until the close of business on December 31, 2021. The transfer is expected to be transparent to the Company’s investors and shareholders, and no action is required on their part.
Chairman of the Board Saul A. Fox said, âThe New York Stock Exchange is home to a host of world-class companies, including 72% of Fortune 500 companies and 87% of all listed qualified P&C insurers. . companies. The move to the prestigious New York Stock Exchange allows us to better align with our peers, allows for better market visibility for Global Indemnity and facilitates broader reach for shareholders. The world-class services provided by the New York Stock Exchange will be integral to fulfilling our continued commitment to long-term value for our shareholders. We are delighted to have made the NYSE home. “
âWe are delighted to welcome Global Indemnity as a new member of the NYSE community,â said John Tuttle, vice president and chief commercial officer of the NYSE group.
About Global Indemnity Group, LLC and its subsidiaries
Global Indemnity Group, LLC (NASDAQ: GBLI), through its several direct and indirect wholly owned subsidiary insurance companies, provides qualified and non-qualified property and casualty insurance coverage and individual insured coverage to individuals. United States, as well as reinsurance around the world. The four main segments of Global Indemnity Group, LLC are:
Farm, ranch and stable
For more information, visit the Company’s website at www.global-indemnity.com.
Forward-looking statements contained in this press release1 do not address a number of risks and uncertainties, including COVID-19. Investors are cautioned that the actual results of Global Indemnity may differ materially from the estimates expressed, implied or projected by forward-looking statements. These statements are based on estimates and information available to us at the time of the issuance of this press release. All forward-looking statements contained in this press release are based on information available to Global Indemnity as of the date hereof. Please refer to the documents filed by Global Indemnity with the Securities and Exchange Commission for a discussion of the risks and uncertainties that could impact the Company and for a more detailed explanation regarding forward-looking statements. Global Indemnity assumes no obligation to update any forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made.
1 Issued in accordance with the “Safe Harbor” provisions of Section 21E of the Security Exchange Act 1934.
THE SOURCE: Global Compensation Group, LLC
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