Civeo Regains Compliance with NYSE Minimum Price Listing Standard
January 07 2020 - 4:30PM
Business Wire
Civeo Corporation (NYSE: CVEO) today announced that on January
6, 2020, Civeo was notified by the New York Stock Exchange (NYSE)
that the Company has regained compliance with the NYSE's continued
listing standards.
On November 27, 2019, Civeo received notification from the NYSE
that the Company had fallen below the continued listing standard to
maintain a minimum average closing price of $1.00 per share over 30
consecutive trading days.
Civeo regained compliance after its average closing price for
the 30 trading days ended December 31, 2019 and its closing price
on December 31, 2019 both exceeded $1.00 per share. The below
compliance (“.BC”) indicator has been removed from the Company’s
common shares, and the Company was removed from the NYSE list of
non-compliance issuers.
About Civeo
Civeo Corporation is a leading provider of hospitality services
with prominent market positions in the Canadian oil sands and the
Australian natural resource regions. Civeo offers comprehensive
solutions for lodging hundreds or thousands of workers with its
long-term and temporary accommodations and provides food services,
housekeeping, facility management, laundry, water and wastewater
treatment, power generation, communications systems, security and
logistics services. Civeo currently operates a total of 29 lodges
and villages in Canada, Australia and the U.S., with an aggregate
of approximately 30,000 rooms. Civeo is publicly traded under the
symbol CVEO on the New York Stock Exchange. For more information,
please visit Civeo's website at www.civeo.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20200107006067/en/
Regan Nielsen Civeo Corporation Director, Corporate Development
& Investor Relations 713-510-2400
Jeffrey Spittel FTI Consulting 832-667-5140
Civeo (NYSE:CVEO)
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