SAN ANTONIO, July 2, 2020 /PRNewswire/ -- Clear Channel
Outdoor Holdings, Inc. (NYSE: CCO) (the "Company") today announced
that on July 1, 2020, the Company was
notified by the New York Stock Exchange (NYSE) that it has regained
compliance with the NYSE's continued listing standards.
As previously disclosed, on April 10,
2020, Clear Channel Outdoor received formal notice from the
NYSE that it was not in compliance with the NYSE's continued
listing standards as a result of the average closing price of the
Company's common stock being less than $1.00 per share over a consecutive 30 trading-day
period.
Clear Channel Outdoor regained compliance after its average
closing price for the 30 trading days ended June 30, 2020, exceeded the NYSE's minimum
requirement of $1.00 based on a 30
trading-day average.
About Clear Channel Outdoor Holdings, Inc.
Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) is one of the
world's largest outdoor advertising companies with a diverse
portfolio of approximately 570,000 print and digital displays in 32
countries across Asia,
Europe, Latin America and North America, reaching millions of people
monthly. A growing digital platform includes more than 16,000
digital displays in international markets and more than 1,900
digital displays (excluding airports), including more than 1,400
digital billboards, in the U.S.
Comprised of two business divisions – Clear Channel Outdoor
Americas (CCOA), the U.S. and Caribbean business division, and Clear Channel
International (CCI), covering markets in Asia, Europe
and Latin America – CCO employs
approximately 5,900 people globally. More information is available
at investor.clearchannel.com, clearchanneloutdoor.com and
clearchannelinternational.com.
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SOURCE Clear Channel Outdoor Holdings, Inc.