Exar to Transfer Stock Listing

Exar Corporation announced the pending transfer of the listing of its common stock from the NASDAQ Global Select Market to the New York Stock Exchange.

"This past year Exar has seen a return to growth, profitability and consistent performance," commented Exar SVP and CFO Ryan Benton. "This milestone marks an important step in our ongoing efforts to maximize shareholder return. The NYSE is home to many of the world’s most well-established and successful companies. We believe it provides the ideal trading platform and unparalleled exposure to the global investment community."

"We’re thrilled to partner in Exar’s growth strategy, and its decision to list on the NYSE underscores the strength of our global brand and innovative market model," said Scott Cutler, EVP and head of global listings, NYSE Euronext. "Exar’s addition to our issuer community speaks to our momentum in technology listings and global leadership. We look forward to welcoming Exar to the NYSE, and to serving the company and its shareholders."

The company expects to begin trading on the NYSE on Monday, July 29, 2013, using its current ticker symbol.