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Legal Update

NYSE Now Requires 10-Minute Advance Notice of Dividend and Stock Distribution Announcements, Even Outside of Trading Hours

21 August 2017
Mayer Brown Legal Update
On August 14, 2017, the US Securities and Exchange Commission approved amendments to the New York Stock Exchange Listed Company Manual to require listed companies to provide notice to the NYSE at least 10 minutes before making any public announcement with respect to a dividend or stock distribution, including when the announcement is being made outside of the NYSE’s trading hours. This Legal Update summarizes the new requirement, the amendments and practical considerations for NYSE-listed companies.

Authors

  • Laura D. Richman
    T +1 312 701 7304
  • Jennifer J. Carlson
    T +1 650 331 2065
  • Robert F. Gray, Jr.
    T +1 713 238 2600
  • Michael L. Hermsen
    T +1 312 701 7960
  • Thomas Kollar
    T +852 2843 4260
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