Primus Guaranty, Ltd. PRS today
announced that its Board of Directors has approved the voluntary de-listing of
its common shares PRS, its Preferred Share Purchase Rights and its 7% senior notes due 2036 PRD from the New
York Stock Exchange and the voluntary de-registration of its Shares, Rights
and Notes under the U.S. Securities Exchange Act of 1934, as amended. The Company expects to file its Annual Report on Form 10-K
for the year ending December 31, 2011 in the first quarter of 2012 and
thereafter cease filing reports with the U.S. Securities and Exchange
Commission. The Company's Board of Directors authorized the
de-listing and de-registration of the Company's Shares, Rights and Notes after
concluding that the consequences of remaining an SEC-reporting company,
including the costs associated with regulatory compliance, outweighed the
current benefits of public company status to the Company and its
securityholders.
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