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The NYSE’s immediate news release policy2 already requires listed companies releasing material news, between 7:00 A.M. and 4:00 P.M. Eastern Time, to notify the NYSE by telephone at least ten minutes prior to releasing their announcement and, when the announcement is in written form, to email a copy of the proposed text of the announcement to the NYSE at least ten minutes prior to its release. Effective immediately, with respect to announcements regarding a dividend or stock distribution, the minimum ten minute advance notice policy is in effect 24 hours a day, seven days a week. The NYSE will have its staff available at all times to review dividend or stock distribution notices immediately upon receipt, regardless of the time or date the notices are received. The NYSE staff will contact a listed company immediately if there is a problem with its notification.
1See the SEC’s order granting approval of the change here.
2See Section 202.06 of the Listed Company Manual.
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