Linn Energy And Linnco Receive Nasdaq Delisting Notification

HOUSTON, May 23, 2016 (GLOBE NEWSWIRE) -- LINN Energy, LLC (NASDAQ:LINE) (“LINN”) and LinnCo, LLC (NASDAQ:LNCO) (“LinnCo” and together with LINN the “Companies”) today announced that NASDAQ determined that LINN and LinnCo securities will be delisted from The NASDAQ Stock Market. Trading of LINN and LinnCo securities will be suspended prior to the open of the market on Tuesday, May 24, 2016, and NASDAQ will file a Form 25-NSE with the Securities and Exchange Commission, which will remove the Companies’ securities from listing and registration on The NASDAQ Stock Market. LINN and LinnCo securities are expected to begin trading on the OTC Pink Sheets marketplace on Tuesday, May 24, 2016, under the symbols LINEQ and LNCOQ.

The Companies do not intend to file a plan to regain compliance or to appeal NASDAQ's determination.

The Companies can provide no assurance that its common stock will continue to trade on the OTC Pink Sheets, whether broker-dealers will continue to agree to provide public quotes of the Companies’ common stock on this market, whether the trading volume of the Companies’ common stock will be sufficient to provide for an efficient trading market or whether quotes for the Companies’ common stock will continue on this market in the future.

ABOUT LINN ENERGY
LINN Energy’s mission is to acquire, develop and maximize cash flow from a portfolio of long-life oil and natural gas assets. More information about LINN Energy is available at www.linnenergy.com.

ABOUT LINNCO
LinnCo was created to enhance LINN Energy's ability to raise additional equity capital to execute on its acquisition and growth strategy. LinnCo is a Delaware limited liability company that has elected to be taxed as a corporation for United States federal income tax purposes, and accordingly its shareholders will receive a Form 1099 in respect of any dividends paid by LinnCo. More information about LinnCo is available at www.linnco.com.

1 2 3
View single page >> |

Disclosure: None.

How did you like this article? Let us know so we can better customize your reading experience. Users' ratings are only visible to themselves.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.