Amplify Energy Receives Continued Listing Standard Notice from NYSE
October 14 2020 - 4:05PM
Amplify Energy Corp. (NYSE: AMPY) (“Amplify” or the “Company”)
announced today that on October 13, 2020, the Company received
formal notice from the New York Stock Exchange ("NYSE") that the
average closing share price of the Company's common stock over the
prior 30-consecutive trading day period was below $1.00, which is
the minimum average share price for continued listing on the NYSE.
The NYSE notification does not affect the
Company’s ongoing business or its Securities and Exchange
Commission reporting requirements, nor does it trigger any
violation of its debt obligations.
Amplify intends to notify the NYSE of its intent
to cure the deficiency and return to compliance with the NYSE
continued listing requirements within the six-month cure period.
During the cure period, Amplify's shares of common stock will
continue to trade on the NYSE, subject to compliance with other
continued listing requirements.
Under NYSE rules, the Company can regain
compliance at any time during the six-month cure period if on the
last trading day of any calendar month during the cure period, its
common stock has a closing share price of at least $1.00 and an
average closing share price of at least $1.00 over the 30
trading-day period ending on the last trading day of that
month.
About Amplify Energy
Amplify Energy Corp. is an independent oil and
natural gas company engaged in the acquisition, development,
exploration and production of oil and natural gas properties.
Amplify’s operations are focused in Oklahoma, the Rockies, offshore
California, East Texas / North Louisiana and South Texas. For more
information, visit www.amplifyenergy.com.
Investor Relations
Contacts
Martyn Willsher – Interim CEO & CFO(832)
219-9047martyn.willsher@amplifyenergy.com
Amplify Energy (NYSE:AMPY)
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