News Releases

 
NYSE Amex Moves to Remove Western Liberty Bancorp from the List
NEW  YORK , October 21, 2009 – NYSE Regulation, Inc. (“NYSE Regulation”) announced today that it determined that the common stock of Western Liberty Bancorp (the “Company”) -- ticker symbol WLBC, its units -- ticker symbol WLBC.U, and its warrants -- ticker symbol WLBC.WS (the “Securities”) – should be removed from the list.  As provided in the NYSE Amex Company Guide, the Company has a right to a review of this determination by a panel of a committee appointed by the Board of Directors of NYSE Amex.   A suspension date for the Securities may be announced upon conclusion of any appeal.   

At the time of original listing the Company was a special purpose acquisition company.  Following a special meeting of shareholders that was held on October 7, 2009, the Company removed from its charter those protections that are characteristic of the special purpose acquisition company structure without consummating a business combination as contemplated by those charter provisions.  The Exchange also notes that based on information provided by the Company, the Company fails to satisfy the Exchange’s applicable minimum public distribution requirements.  As a result, the Exchange staff has determined that the Company is subject to immediate delisting pursuant to Section 1003(c)(i) of the NYSE Amex Company Guide.

NYSE Regulation announced in a press release on October 8, 2009 that it was conducting a review of the continued listing status of the Company. 

The NYSE Amex noted that it may, at any time, suspend a security if it believes that continued dealings in the security on the NYSE Amex are not advisable.



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

Contact: Christiaan Brakman
Phone: 212-656-2094
Email:  cbrakman@nyx.com