Revlon Announces New York Stock Exchange’s Decision to Delist Its Common Stock
20 Oktober 2022 - 10:30PM
Business Wire
Revlon, Inc. (NYSE: REV) (“Revlon” or the “Company”) today
announced that on October 20, 2022, the NYSE Regulatory Oversight
Committee’s Committee for Review rejected the Company's appeal and
affirmed the New York Stock Exchange Staff's (“NYSE Staff”)
decision to delist the Company's Class A common stock following the
June 15, 2022 Chapter 11 filing by the Company and certain of its
subsidiaries in the U.S. Bankruptcy Court for the Southern District
of New York. Accordingly, the Company expects the NYSE Staff to
make an application to the Securities and Exchange Commission
(“SEC”) to delist the Company's Class A common stock in the near
future. In the meantime, the NYSE has suspended trading in Revlon’s
Class A common stock. The Company’s Class A common stock is
expected to trade on the OTC marketplace/pink sheets following the
delisting.
Additional information, including court filings and other
documents, related to the court-supervised Chapter 11 process, is
available on the Company’s restructuring website at
https://cases.ra.kroll.com/Revlon, by emailing
revloninfo@ra.kroll.com or by calling (855) 631-5341 (toll free) or
(646) 795-6968 (international).
About Revlon, Inc.
Revlon has developed a long-standing reputation as a color
authority and beauty trendsetter in the world of color cosmetics
and hair care. Since its breakthrough launch of the first opaque
nail enamel in 1932, Revlon has provided consumers with high
quality product innovation, performance and sophisticated glamour.
In 2016, Revlon acquired the iconic Elizabeth Arden company and its
portfolio of brands, including its leading designer, heritage and
celebrity fragrances. Today, Revlon's diversified portfolio of
brands is sold in approximately 150 countries around the world in
most retail distribution channels, including prestige, salon, mass,
and online. Revlon is among the leading global beauty companies,
with some of the world’s most iconic and desired brands and product
offerings in color cosmetics, skin care, hair color, hair care and
fragrances under brands such as Revlon, Revlon Professional,
Elizabeth Arden, Almay, Mitchum, CND, American Crew, Creme of
Nature, Cutex, Juicy Couture, Elizabeth Taylor, Britney Spears,
Curve, John Varvatos, Christina Aguilera and AllSaints.
Forward-Looking Statements
This press release contains forward-looking statements. These
statements constitute "forward-looking" statements within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended,
and as defined in the U.S. Private Securities Litigation Reform Act
of 1995. These forward-looking statements can be identified by
terminology such as "will," "expects," "anticipates," "future,"
"intends," "plans," "believes," "estimates", and include the timing
of the Company's delisting from the NYSE and similar statements.
Further information regarding these and other risks is included in
Revlon's filings with the SEC, including its annual report on Form
10-K and quarterly reports on Form 10-Q. Revlon does not undertake
any obligation to update any forward-looking statement as a result
of new information, future events or otherwise, except as required
under applicable law.
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version on businesswire.com: https://www.businesswire.com/news/home/20221020006063/en/
For Investor Relations Inquiries: 212-527-4040 or
investor.relations@revlon.com
For Media Inquiries: Longacre Square Partners Dan Zacchei
/ Joe Germani dzacchei@longacresquare.com /
jgermani@longacresquare.com
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