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Stock impact report

Hermitage Offshore Services Ltd. (NYSE:PSV) Receives Continued Listing Notice from NYSE

Hermitage Offshore Services Ltd. Ordinary Shares (Bermuda) (PSV) 
Company Research Source: GlobeNewswire
HAMILTON, Bermuda, April 10, 2020 (GLOBE NEWSWIRE) -- Hermitage Offshore Services Ltd. (the “Company”) announced today that on March 12, 2020 it received notice from the New York Stock Exchange (the “NYSE”) that the Company is no longer in compliance with the NYSE’s continued listing standards because the average closing price of the Company’s common shares has fallen below $1.00 per share over a consecutive 30 trading-day period. Pursuant and subject to the NYSE’s rules, the Company has a 6-month cure period following receipt of the NYSE notice to regain compliance with the NYSE’s minimum share price requirement. During this time, the Company’s common stock will continue to be listed and trade on the NYSE. As required by the NYSE, the Company has notified the NYSE of its intent to cure the deficiency and restore its compliance with the NYSE continued listing standards. About the Company Hermitage Offshore Services Ltd. is an offshore support vessel company that owns 23 vessels c Show less Read more
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