Ferrellgas Partners, L.P. Announces Updates Regarding Its Voluntary Delisting from the NYSE
January 09 2020 - 5:30PM
Ferrellgas Partners, L.P. (NYSE: FGP) (the “Company”) today
announced updates to its intention to voluntarily delist its common
units from the New York Stock Exchange (“NYSE”).
As previously announced on December 20, 2019, the Company
elected to voluntarily delist from the NYSE for an indefinite
period of time and the Company notified the NYSE of its intention
to voluntarily delist.
The Company filed with the Securities and Exchange Commission on
December 30, 2019 a Form 25 relating to the delisting of its common
units and anticipates that the delisting of its common units will
become effective on January 10, 2020, prior to market open. The
Company expects that its common units will trade on the OTC Pink
market under the ticker symbol: FGPR. The
Company will remain subject to the periodic reporting requirements
of the Securities Exchange Act of 1934, as amended.
The Company previously intended to apply to have its common
units quoted on the OTCQB tier of the OTC Markets. After further
consideration, particularly in light of the expectation that any
OTC Markets listing will be temporary, the Company no longer
intends to apply to have its common units quoted on the OTCQB and
instead expects that its common units will trade on the OTC Pink
market.
About Ferrellgas Ferrellgas Partners, L.P.,
through its operating partnership, Ferrellgas, L.P., and
subsidiaries, serves propane customers in all 50 states, the
District of Columbia, and Puerto Rico. Ferrellgas employees
indirectly own 22.8 million common units of the partnership,
through an employee stock ownership plan. Ferrellgas Partners, L.P.
filed a Form 10-K with the Securities and Exchange Commission on
October 15, 2019. Investors can request a hard copy of this filing
free of charge and obtain more information about the partnership
online at www.ferrellgas.com.
Forward Looking Statements Statements in this
release concerning expectations for the future are forward-looking
statements. A variety of known and unknown risks, uncertainties and
other factors could cause results, performance, and expectations to
differ materially from anticipated results, performance, and
expectations. These risks, uncertainties, and other factors include
those discussed in the Form 10-K of Ferrellgas Partners, L.P.,
Ferrellgas Partners Finance Corp., Ferrellgas, L.P., and Ferrellgas
Finance Corp. for the fiscal year ended July 31, 2019, and in other
documents filed from time to time by these entities with the
Securities and Exchange Commission.
Contacts
Investor Relations – InvestorRelations@ferrellgas.com
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