Rule 500

Rule 500

A New York Stock Exchange rule that sets requirements for listed companies that wish to delist their stock from the exchange. Companies cannot delist and move trading elsewhere unless at least two thirds of the shares are cast in favor of the move. In addition, no more than 10% of the shares can be cast in opposition to the move.

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Rule 500

On the New York Stock Exchange, a rule regarding the voluntary delisting of a publicly-traded company. If the management of a company wishes to delist from the NYSE, it must have the consent of at least two thirds of shareholders, with no more than 10 percent of shareholders opposing.