According to a company spokesman, Playboy elected to leave NYSE Arca in an effort to streamline internal operations and eliminate duplicative administrative functions stemming from maintaining dual listings on both exchanges.
The extra administrative functions became an unnecessary burden, according to Playboy, after the recent merger of NYSE Group with Archipelago Holdings, the parent company of NYSE Arca.
The merger created additional compliance requirements the company considered to extraneous.
Playboy said it does not expect the withdrawal to affect its stock price.
The withdrawal is expected to be effective within the next month.
NYSE Arca will continue to trade Playboy stock on an unlisted trading privilege basis.
In the meantime, the company posted its third quarter results last week, with a 41 percent spike in revenue for its online properties.
As a whole, Playboy reported net income of $1.1 million for its third quarter, better than the loss the company had projected. The results compare to net income of $3.2 million in the prior year period.
