Chart Industries Announces Transfer to the New York Stock Exchange

Rhea-AI Summary

Chart Industries announced its plan to transfer its common stock listing from NASDAQ to the New York Stock Exchange (NYSE) effective February 1, 2021, with the ticker symbol GTLS remaining the same. This transition is expected to enhance the company's visibility and partnerships, especially as four of its top five customers are also NYSE-listed. Chart's CEO expressed enthusiasm for the move, highlighting the benefits of joining a global exchange known for innovation and leadership in clean energy.

Positive

• Transitioning to NYSE may increase visibility and attract global investors.
• Aligns with NYSE-listed customers, potentially enhancing business relationships.

Negative

• None.

ATLANTA, Jan. 18, 2021 (GLOBE NEWSWIRE) -- Chart Industries, Inc. (“Chart”) today announced that it intends to transfer the listing of its common stock to the New York Stock Exchange (“NYSE”) from the NASDAQ stock exchange effective February 1, 2021. Chart’s common stock will continue to trade under the ticker symbol GTLS. The stock will continue to trade on the NASDAQ until the transfer is complete. The transfer is expected to be seamless for the Company’s investors and shareholders.

“We are pleased to join the NYSE, the world’s largest stock exchange with world-class listed companies, to further reach global investors and shareholders,” stated Jill Evanko, Chart’s CEO and President. “With four of our top five customers also listed on the NYSE, we believe this will enhance our exposure to them and further develop new and existing partnerships.”

“As an industrial engineering and manufacturing leader, Chart Industries is an organization dedicated to helping transform and execute the clean energy goals of companies across the globe. We are excited to welcome Chart to the NYSE community, where it will join other leading innovators and disruptors,” said John Tuttle, Vice Chairman and Chief Commercial Officer, NYSE Group.

About Chart Industries, Inc.

Chart Industries, Inc. is a leading independent global manufacturer of highly engineered equipment servicing multiple applications in the Energy and Industrial Gas markets.  Our unique product portfolio is used in every phase of the liquid gas supply chain, including upfront engineering, service and repair.  Being at the forefront of the clean energy transition, Chart is a leading provider of technology, equipment and services related to liquefied natural gas, hydrogen, biogas and CO2 Capture amongst other applications. We are committed to excellence in environmental, social and corporate governance (ESG) issues both for our company as well as our customers.  With over 25 global locations from the United States to Asia, Australia, India, Europe and South America, we maintain accountability and transparency to our team members, suppliers, customers and communities.  To learn more, visit www.chartindustries.com.

FORWARD-LOOKING STATEMENTS

Certain statements made in this press release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.  Forward-looking statements include statements concerning the Company’s business plans, including statements regarding pending acquisitions, completed acquisitions, cost synergies and efficiency savings, objectives, future orders, revenues, margins, earnings or performance, liquidity and cash flow, capital expenditures, business trends, governmental initiatives, including executive orders and other information that is not historical in nature.  Forward-looking statements may be identified by terminology such as "may," "will," "should," "could," "expects," "anticipates," "believes," "projects," "forecasts," “outlook,” “guidance,” "continue," “target,” or the negative of such terms or comparable terminology.

Forward-looking statements contained in this press release or in other statements made by the Company are made based on management's expectations and beliefs concerning future events impacting the Company and are subject to uncertainties and factors relating to the Company's operations and business environment, all of which are difficult to predict and many of which are beyond the Company's control, that could cause the Company's actual results to differ materially from those matters expressed or implied by forward-looking statements.  Factors that could cause the Company’s actual results to differ materially from those described in the forward-looking statements include: the Company’s ability to successfully integrate recent acquisitions and achieve the anticipated revenue, earnings, accretion and other benefits from these acquisitions; risks relating to the recent outbreak and continued uncertainty associated with the coronavirus (COVID-19) and the other factors discussed in Item 1A (Risk Factors) in the Company’s most recent Annual Report on Form 10-K filed with the SEC and Quarterly Reports on Form 10-Q, which should be reviewed carefully.  The Company undertakes no obligation to update or revise any forward-looking statement.

For more information, click here:

http://ir.chartindustries.com/

Investor Relations Contact – Chart Industries:

Wade Suki, CFA
Director of Investor Relations
832-524-7489
wade.suki@chartindustries.com 

FAQ

Why is Chart Industries moving from NASDAQ to NYSE?

Chart Industries is moving to NYSE to increase visibility and foster partnerships with their top customers, four of whom are also listed on NYSE.

When will Chart Industries' stock transfer to NYSE?

The transfer of Chart Industries' common stock to the NYSE will take effect on February 1, 2021.

Will the ticker symbol for Chart Industries change after moving to NYSE?

No, Chart Industries will continue to trade under the ticker symbol GTLS on the NYSE.

What are the benefits of being listed on the NYSE for Chart Industries?

Being listed on the NYSE may enhance Chart's exposure to investors and strengthen partnerships with prominent customers.