ascena retail group Regains Share Price Compliance With Nasdaq Minimum Bid Price Rule
January 07 2020 - 4:05PM
ascena retail group, inc. (Nasdaq: ASNA) (“ascena” or the
“Company”) today announced that the Company received written notice
from The Nasdaq Stock Market LLC (“Nasdaq”), stating that the
Company successfully regained compliance with the minimum bid price
requirement for continued listing on The Nasdaq Global Select
Market set forth in Nasdaq Listing Rule 5450(a)(1) (the “Bid Price
Rule”).
The Company previously received notification from
the Nasdaq on July 29, 2019 citing failure to maintain a minimum
closing bid price of $1.00 per share for its common stock for a
period of 30 consecutive business days required by the Bid Price
Rule for continued listing on The Nasdaq Global Select Market.
The letter provided that ascena had 180 calendar days, or
until January 27, 2020, to regain compliance with the Bid Price
Rule.
About ascena retail group,
inc.
ascena retail group, inc. (Nasdaq: ASNA) is a
national specialty retailer offering apparel, shoes, and
accessories for women under the Premium Fashion segment (Ann
Taylor, LOFT, and Lou & Grey), Plus Fashion segment (Lane
Bryant, Catherines and Cacique) and for tween girls under the Kids
Fashion segment (Justice). ascena retail group, inc. through
its retail brands operates ecommerce websites and approximately
2,800 stores throughout the United States, Canada, and Puerto
Rico.
For more information about ascena retail group,
inc. visit: ascenaretail.com, AnnTaylor.com, factory.anntaylor.com,
LOFT.com, outlet.loft.com, louandgrey.com, lanebryant.com,
Catherines.com, and shopjustice.com.
CONTACT: |
For investors: |
For media: |
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ICR, Inc. |
ascena retail group, inc. |
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Jean Fontana |
Shawn Buchanan |
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Managing Director |
Corporate Communications |
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(646) 277-1214 |
(212) 541-3418 |
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Jean.Fontana@icrinc.com |
shawn_buchanan@ascenaretail.com |
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Jessica Schmidt |
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Senior Vice President |
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(646) 677-1806 |
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Jessica.Schmidt@icrinc.com |
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