CALGARY, Alberta, June 01, 2018 (GLOBE NEWSWIRE) -- Pengrowth Energy Corporation (TSX:PGF) (NYSE:PGH, Financial) today confirms that it has received a delisting notification from the New York Stock Exchange (NYSE). The Company received notice on December 1, 2017 that its share price had fallen below the NYSE’s continued listing standard for average closing price of less than U.S. $1.00 over a consecutive 30 trading-day period. Given that the share price on the NYSE has not recovered sufficiently to regain compliance, the Board of Directors of Pengrowth decided that it was not in the long-term best interest of the Company or its shareholders to effect a reverse stock-split of the Company’s common stock, in order to preserve the listing of its common stock on the NYSE. Pursuant to Listed Company Manual Section 802.01C, trading in the common shares of Pengrowth on the NYSE ceased after markets closed on June 1, 2018 and delisting proceedings commenced. Pengrowth’s shares will continue to trade in Canada on the Toronto Stock Exchange (TSX) under the symbol “PGF”.
Pengrowth Confirms Delisting Notification from NYSE and Announces Plan to Trade on OTCQX
Jun 02, 2018
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