Winmill & Co. Incorporated Files to Delist and Deregister its Class A
Common Stock
New York – Winmill & Co. Incorporated (Nasdaq: WNMLA) today announced that it
has filed a Form 15 with the Securities and Exchange Commission (“SEC”) to terminate the registration of its Class A common stock under the Securities
and Exchange Act of 1934 (“Exchange Act”). The Company expects that the termination of registration will become effective 90 days after filing the Form 15 with the
SEC. As a result of this filing, the Company's obligation to file with the
SEC certain reports and forms, including Forms 10-K, 10-Q, and 8-K, was
immediately suspended. The Company expects to realize significant cost savings
as a result of being relieved of its SEC periodic reporting requirements. The
Company currently intends to update its stockholders with financial information
on a regular basis.
Although the Company’s Class A common stock no longer will be quoted on the Nasdaq SmallCap
Market, it is expected that the Class A common stock will be quoted over-the-counter in the Pink Sheets.
Pink Sheets LLC is an electronic network through which participating broker-dealers can make markets, and enter orders to buy and sell shares of companies.
It is a centralized quotation service that collects and publishes market maker
quotes in real time primarily through its website, www.pinksheets.com,
which provides stock and bond price quotes, financial news and information about
securities traded.
Winmill & Co. Incorporated is a holding company with wholly-owned and
publicly-held subsidiaries and affiliates operating in three segments:
investment management, insurance services, and real estate. More information
about the Company is available at www.winmillco.com.
This release contains certain “forward-looking statements” made pursuant to the “safe-harbor” provisions of the Private Securities Litigation Reform Act of 1995. These statements involve known and unknown risks, uncertainties and other factors, many of which are beyond the control of the Company, which may cause the Company’s actual results to be materially different from those expressed or implied by such statements. Such risks, uncertainties and other factors include those described in the Company’s filings with the Securities and Exchange Commission. The forward-looking statements made herein are only made as of the date of this release, and the Company undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.
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