Business Context and Reporting Period
This Form 8-K filing by Plains GP Holdings, L.P. (PAGP) covers the period ending November 30, 2020. The report details a voluntary corporate action regarding the listing of the company's Class A Shares.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on a listing transfer and does not contain financial performance data.
Material Changes
- Listing Transfer: PAGP determined to voluntarily withdraw its Class A Shares from the New York Stock Exchange (NYSE) and transfer the listing to The Nasdaq Global Select Market.
- Timeline: Trading on the NYSE is expected to end at market close on December 11, 2020. Trading on Nasdaq is expected to begin at market open on December 14, 2020.
- Ticker Symbol: The shares will continue to trade under the symbol "PAGP" on Nasdaq.
Guidance, Outlook, and Risks
The filing includes a press release issued on December 1, 2020, announcing the transfer. No forward-looking financial guidance, management commentary on operational outlook, or specific risk factors were disclosed in this text. The transfer was authorized by the Board of Directors of PAA GP Holdings LLC.
Investor Verification Checklist
- Confirm the exact date trading ceases on the NYSE (December 11, 2020) and begins on Nasdaq (December 14, 2020).
- Verify that the ticker symbol "PAGP" remains unchanged post-transfer.
- Review the press release (Exhibit 99.1) for any additional details regarding the rationale for the transfer not included in the summary.