Argo Group announces 2017 profit
Argo Group International Holdings has announced that it is transferring the listing of its shares from the NASDAQ Global Select Market to the New York Stock Exchange (NYSE), and that its subsidiary Argo Group US is transferring the listing of its 6.500 percent Senior Notes due 2042 (guaranteed by Argo Group International Holdings) to the NYSE from the NASDAQ.
The transfers to the NYSE are expected to be effective May 7, 2018. At that time, Argo will change its stock ticker symbol from “AGII” to “ARGO,” and Argo Group US will change the ticker symbol for its 6.500 percent Senior Notes due 2042 from “AGII.L” to “ARGD.” Argo shares will trade on the NASDAQ exchange under its current ticker symbol “AGII” until the transfer is complete, and Argo Group US’s 6.500 percent Senior Notes due 2042 will trade on the NASDAQ exchange under its current ticker symbol “AGII.L” until the transfer is complete.
“We are confident that by joining one of the world’s most prestigious trading platforms, we can reach a broader base of global investors and build even greater shareholder value,” said Argo Group chief executive officer Mark E. Watson III. “This year we celebrate our 70th anniversary as a company and now our listing on the NYSE – both are notable milestones as we continue to grow and evolve as a leading specialty underwriter.”
“We are honoured that Argo Group has chosen to transfer its listings to the New York Stock Exchange to join our community of innovative global companies,” said John Tuttle, head of global listings, NYSE. “We look forward to supporting Argo Group’s continued growth.”
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