NYSE to Suspend Trading in The Great Atlantic and Pacific Tea Company, Inc. and Related Securities

NYSE

Moves to Remove from the List

NEW YORK, December 13, 2010 – NYSE Regulation, Inc. (“NYSE Regulation”) announced today that it determined that the common stock of The Great Atlantic and Pacific Tea Company, Inc. (the “Company”) – ticker symbol GAP – as well as its 9 3/8% Senior Quarterly Interest Bonds due August 1, 2039 (QUIBS) – ticker symbol GAJ – should be suspended immediately.

NYSE Regulation has determined that the Company is no longer suitable for listing.  This decision was reached in view of the Company’s December 12, 2010 announcement that it has filed a voluntary petition under Chapter 11 of the U.S. Bankruptcy Code with the U.S Bankruptcy Court for the Southern District of New York.  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 Company’s common stockholders. 

The Company has a right to a review of this determination by a Committee of the Board of Directors of NYSE Regulation. Applications to the Securities and Exchange Commission to delist the issues are pending the completion of applicable procedures, including any appeal by the Company of the NYSE Regulation staff’s decision.  The NYSE noted that it may, at any time, suspend a security if it believes that continued dealings in the security on the NYSE are not advisable.

Investor Contact:
Krystyna Lack
Vice President, Treasury Services
(201) 571-4320

 

Press Contacts:
Eric C. Andrus or Scot Hoffman
Robinson Lerer Montgomery

(201) 571-4453

See Section 802.00 of the NYSE Listed Company Manual for continued listing criteria and procedure for delisting

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