NYSE Announces Intent to Commence Delisting Proceedings for Regis Corporation Common Stock; Opportunity to Appeal
2023年12月14日 - 8:30PM
ビジネスワイヤ(英語)
Regis Corporation (NYSE: RGS), a leader in the haircare
industry, has been informed that NYSE Regulation has determined to
commence proceedings to delist Regis’ common stock from the New
York Stock Exchange (“NYSE”).
Regis common stock has not been suspended from trading and is
expected to continue to be listed and traded on the NYSE while the
company considers whether to request a review of NYSE’s
determination to commence delisting proceedings and, if such a
review is requested, while any such review remains pending.
NYSE Regulation has determined that Regis was unable to
demonstrate that it had regained compliance with the applicable
listing standard by the expiration of the maximum plan period. As
previously disclosed, Regis had been deemed below compliance with
the NYSE’s continued listing standard in Section 802.01B of the
Listed Company Manual requiring listed companies to maintain either
(i) at least $50 million in stockholders’ equity or (ii) at least
$50 million in total market capitalization on a 30-trading day
average basis.
Regis has a right to a review of the NYSE’s determination by a
Committee of the Board of Directors of the NYSE (the “Committee”).
The NYSE is not expected to announce a suspension or apply to the
U.S. Securities and Exchange Commission to delist Regis common
stock unless and until such time as (i) Regis does not request a
review by the Committee on or before December 28, 2023, (ii) Regis
determines that it does not intend to appeal, (iii) the subsequent
review of the Committee determines that trading in Regis common
stock should be suspended or, (iv) there are other material
developments.
Regis continues to evaluate its available options, including a
timely request for review of NYSE Regulation’s determination to
commence delisting proceedings and further exploration of available
opportunities to have its common stock listed on another national
securities exchange, provided that it is able to satisfy any
applicable listing criteria.
About Regis Corporation
Regis Corporation (NYSE:RGS) is a leader in the haircare
industry. As of September 30, 2023, the Company franchised or owned
4,811 locations. Regis’ franchised and corporate locations operate
under concepts such as Supercuts®, SmartStyle®, Cost Cutters®,
Roosters® and First Choice Haircutters®. For additional information
about the Company, including a reconciliation of certain non-GAAP
financial information and certain supplemental financial
information, please visit the Investor Relations section of the
corporate website at www.regiscorp.com.
This release contains or may contain “forward-looking
statements” within the meaning of the federal securities laws,
including statements concerning anticipated future events and
expectations that are not historical facts. These forward-looking
statements are made pursuant to the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995. The
forward-looking statements in this document reflect management’s
best judgment at the time they are made, but all such statements
are subject to numerous risks and uncertainties, which could cause
actual results to differ materially from those expressed in or
implied by the statements herein. Such forward-looking statements
are often identified herein by use of words including, but not
limited to, “may,” “believe,” “project,” “forecast,” “expect,”
“estimate,” “anticipate,” “intend” and “plan.” In addition, the
following factors could affect the Company’s actual results and
cause such results to differ materially from those expressed in
forward-looking statements. These factors include our ability to
comply with applicable national stock exchange listing
requirements, potential timing and outcomes of suspension and
delisting procedures and future trading or quotation of our common
stock, and other potential factors that could affect future
financial and operating results as set forth under Item 1A of our
Form 10-K. We undertake no obligation to publicly update or revise
any forward-looking statements, whether as a result of new
information, future events or otherwise. However, your attention is
directed to any further disclosures made in our subsequent annual
and periodic reports filed or furnished with the Securities and
Exchange Commission on Forms 10-K, 10-Q and 8-K and Proxy
Statements on Schedule 14A.
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version on businesswire.com: https://www.businesswire.com/news/home/20231214390307/en/
REGIS CORPORATION: Kersten Zupfer
investorrelations@regiscorp.com
Regis (NYSE:RGS)
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Regis (NYSE:RGS)
過去 株価チャート
から 5 2023 まで 5 2024