July 23, 2009 1:00 PM EDT
LOS ANGELES, July 23 /PRNewswire-FirstCall/ -- Reading International, Inc. (NYSE Amex: RDI) announced today that it will move the listing of both classes of its common stock from the NYSE Amex stock exchange to The NASDAQ Stock Market LLC (R).
Effective Tuesday, August 4th, Reading's class A nonvoting common stock willtrade under the symbol, NASDAQ: RDI, and its class B voting common stock will trade under the symbol, NASDAQ: RDIB.
Reading decided to switch to the NASDAQ after careful consideration of capital market alternatives and analysis of the electronic market model, which provides added visibility to investors. Reading believes that, as the world's largest electronic stock market, NASDAQ's electronic multiple market maker structure will provide Reading with enhanced exposure and liquidity, while at the same time providing investors with what Reading believes are the best prices, the fastest execution, and the lowest cost per trade. Reading anticipates a long and beneficial relationship with the NASDAQ stock market.
About The NASDAQ Stock Market LLC (R)
The NASDAQ OMX Group, Inc. is the world's largest exchange company. It delivers trading, exchange technology and public company services across six continents, with over 3,900 listed companies. NASDAQ OMX Group offers multiple raising solutions to companies around the globe, including its U.S. listings market; the OMX Nordic Exchange, including First North; and the U.S. 144A sector. The company offers trading across multiple asset classes including equities, derivatives, debt, commodities, structured products and ETFs. NASDAQ OMX Group technology supports the operations of over 70 exchanges, clearing organizations and central securities depositories in more than 50 countries. For more information about NASDAQ OMX, visithttp://www.nasdaqomx.com.
About Reading International, Inc.
Reading International (http://www.readingrdi.com) is in the business of owning and operating cinemas and developing, owning and operating real estate assets. Our business consists primarily of:-- the development, ownership and operation of multiplex cinemas in the United States, Australia and New Zealand and -- the development, ownership and operation of retail and commercial real estate in Australia, New Zealand and the United States, including entertainment-themed retail centers ("ETRC") in Australia and New Zealand and live theater assets in Manhattan and Chicago in the United States.
Reading manages its worldwide cinema business under various different brands:-- in the United States, under the -- Reading brand, -- Angelika Film Center brand (http://angelikafilmcenter.com/), -- Consolidated Theatres brand (http://www.consolidatedtheatres.com/), and -- City Cinemas brand; -- in Australia, under the Reading brand (http://www.readingcinemas.com.au/); and -- in New Zealand, under the -- Reading (http://www.readingcinemas.co.nz) and -- Rialto (http://www.rialto.co.nz) brands.
For more information, contact: Andrzej Matyczynski, Chief Financial Officer Reading International, Inc. (213) 235 2240
SOURCE Reading International, Inc.
Long both RDI and RDI class B stock