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.
Cautionary Statement Regarding Forward-Looking
Statements
This release includes certain forward-looking
statements and projections of EP Energy. We have made every
reasonable effort to ensure that the information and assumptions on
which these statements and projections are based are current,
reasonable, and complete. However, a variety of factors could cause
actual results to differ materially from the projections,
anticipated results or other expectations expressed. Whenever
possible, these forward-looking statements are identified by words
such as "expects," "believes," "anticipates" and similar phrases.
While the company makes these statements and projections in good
faith, neither the company nor its management can guarantee that
anticipated future results will be achieved. Reference must be made
to those filings for additional important factors that may affect
actual results. EP Energy assumes no obligation to publicly update
or revise any forward-looking statements made herein or any other
forward-looking statements made by EP Energy, whether as a result
of new information, future events, or otherwise.
Contact
Investor and Media
Relations
Jordan Strauss
713-997-6791
Jordan.Strauss@epenergy.com
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SOURCE EP Energy Corporation