LyondellBasell Shares Approved for Listing on NYSE
ROTTERDAM, Netherlands, Oct. 8 /PRNewswire/ -- LyondellBasell Industries N.V. today announced that shares of its common stock are expected to begin trading on the New York Stock Exchange (NYSE) on Oct. 14, 2010. Class A ordinary shares will trade under the symbol LYB and Class B ordinary shares under the LYB.B symbol.
"We have achieved a significant milestone in establishing our foundation for the future through the listing of LyondellBasell shares on the New York Stock Exchange," said LyondellBasell Chief Executive Officer Jim Gallogly. "The NYSE is the world's largest equity market and listing here will provide a more liquid and transparent mechanism for investors wanting to own shares in one of the world's premier chemical companies."
LyondellBasell currently has approximately 566 million ordinary shares outstanding, including approximately 337 million Class A ordinary shares and approximately 229 million Class B ordinary shares. The Class A shares have been trading in the over-the-counter market under the symbol LALLF and the Class B shares under LALBF. The combined daily trading volume for the two classes has averaged 3.1 million shares since May 1. Recent financial results are available at www.lyondellbasell.com/earnings .
LyondellBasell is one of the world's largest plastics, chemical and refining companies. The company manufactures products at 59 sites in 18 countries. LyondellBasell products and technologies are used to make items that improve the quality of life for people around the world including packaging, electronics, automotive components, home furnishings, construction materials and biofuels. More information about LyondellBasell can be found at www.lyondellbasell.com.
SOURCE LyondellBasell Industries