Key Energy Services Receives Notice From NYSE Regarding Continued Listing Requirements
KEY ENERGY SERVICES INC (KEG)
Last key energy services inc earnings: 11/7 05:00 pm
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Source: GlobeNewswire
HOUSTON, June 28, 2019 (GLOBE NEWSWIRE) -- Key Energy Services, Inc. (“Key”) (NYSE: KEG) today announced that it had received a letter from the New York Stock Exchange (the “NYSE”) notifying it that Key was not in compliance with the NYSE’s continued listing standards because, over a period of 30 consecutive trading days, the average market capitalization of Key’s common shares was below $50 million and Key’s stockholders’ equity was less than $50 million as of March 31, 2019. This notice does not have an immediate effect on the listing of Key’s common shares. In accordance with NYSE rules, Key intends to timely notify the NYSE that Key intends to cure the deficiency. Under the NYSE rules, Key has 45 days from the receipt of the notification to submit a plan advising the NYSE of definitive action Key has taken, or is taking, that would bring Key into conformity with the continued listed standards within 18 months of receipt of the notification. Key intends to develop and submit a
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