NYSE to Suspend Trading Immediately in Quiksilver, Inc. (ZQK) and Commence Delisting Proceedings

Sep 09, 2015

NEW YORK, September 9, 2015 – The New York Stock Exchange (“NYSE”) announced today that the staff of NYSE Regulation, Inc. (“NYSE Regulation”) has determined to commence proceedings to delist the common stock of Quiksilver, Inc. (the "Company") — ticker symbol ZQK – from the NYSE. Trading in the Company’s common stock will be suspended immediately.

NYSE Regulation has determined that the Company is no longer suitable for listing. Pursuant to Listed Company Manual Section 802.01D, this decision was reached in view of the Company's September 9, 2015 announcement that it commenced voluntary proceedings for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware for its U.S. subsidiaries. In reaching its delisting determination, NYSE Regulation noted the uncertainty as to the timing and outcome of the bankruptcy process, as well as the ultimate effect of this process on the value of the Company's common stock.

The Company has a right to a review of this determination by a Committee of the Board of Directors of NYSE Regulation. The NYSE will apply to the Securities and Exchange Commission to delist the common stock upon completion of all applicable procedures, including any appeal by the Company of the NYSE Regulation staff’s decision.

Company Contacts:
U.S. Media:
Julia Young and Christine Beggan, +1 203-682-8200
quiksilver@icrinc.com

European Media:
Marie- Aurélie Duché, +33 5 59 51 58 49
Marie-aurelie.duche@quiksilver-europe.com

APAC Media:
Tim Duncan, + 61 3 9600 1979
tduncan@hintons.com.au

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