Blue Capital Re takes another step towards NYSE delisting

Blue Capital Reinsurance Holdings has filed notification with the Securities and Exchange Commission to be removed from listing on the New York Stock Exchange.

It filed form 25, as required by section 12(b) of the Securities Exchange Act of 1934 (SEA), meaning the last trading day for its common shares on the NYSE is expected to be March 30.

Blue Capital will also withdraw its listing with the Bermuda Stock Exchange prior to July 31, 2020.

Once this action has taken effect it will file a Form 15 with the SEC, requesting the suspension of Blue Capital’s reporting obligations under Sections 13(a) and 15(d) of the SEA.

Blue Capital believes its common shares will continue to be quoted on the OTC Pink Open Market, a centralised electronic quotation service operated by the OTC Markets, although it stressed it was unable to guarantee this will be the case.