Trinseo plc said the New York Stock Exchange has begun delisting proceedings and immediately suspended trading in the company’s ordinary shares after the stock fell below continued listing standards, including an average 30-day market capitalization threshold. The company said that after delisting, transfers of its ordinary shares may be subject to Irish stamp duty of 1% of the higher of the purchase price or market value, and that DTC plans to stop clearing and settling trades, potentially pushing trading to the OTC Pink Limited Market.

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