Dynegy (DYN) Get Noncompliance Notification from NYSE
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Dynegy Inc. (NYSE: DYN) announced that on April 5, 2012, the Company was notified by the New York Stock Exchange (NYSE) that it was not in compliance with NYSE’s continued listing standard that requires that the average closing price of a listed company’s common stock not fall below $1.00 per share for any consecutive 30-trading-day period.
Under NYSE rules, Dynegy has a period of six months from the receipt of the NYSE notice to regain compliance with the minimum share price requirement. During the interim period, Dynegy’s common stock will continue to be listed and traded on the NYSE, subject to the Company’s compliance with other NYSE continued listing requirements. Dynegy will notify the NYSE of the steps it will take to cure this price deficiency within the prescribed timeframe.
Under NYSE rules, Dynegy has a period of six months from the receipt of the NYSE notice to regain compliance with the minimum share price requirement. During the interim period, Dynegy’s common stock will continue to be listed and traded on the NYSE, subject to the Company’s compliance with other NYSE continued listing requirements. Dynegy will notify the NYSE of the steps it will take to cure this price deficiency within the prescribed timeframe.
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