Ocwen Financial Responds to Notice of Non-Compliance with NYSE Trading Share Price Continued Listing Standard Rule
Ocwen Financial Corporation NEW (OCN)
Last ocwen financial corporation new earnings: 5/2 06:30 am
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shareholders.ocwen.com/investor-relations
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Source: GlobeNewswire
WEST PALM BEACH, Fla., April 13, 2020 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE: OCN) (“Ocwen” or the “Company”), a leading non-bank mortgage servicer and originator, today announced that the New York Stock Exchange (“NYSE”) has notified the Company that the average per share trading price of its common stock was below the NYSE’s minimum average share price rule. The NYSE requires the average closing price of a listed company’s stock to be at least $1.00 per share over a consecutive 30 trading-day period. Receipt of the NYSE notification does not conflict with or cause an event of default under any of the Company’s material debt agreements. Ocwen received written notification from the NYSE on April 8, 2020. In accordance with the NYSE’s rules, Ocwen has six months from receipt of the notice to regain compliance with the NYSE’s price condition. The Company can regain compliance at any time during the six-month cure period if on the last trading day of any calendar mont
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