HOUSTON, July 6, 2020 /PRNewswire/ -- Luby's, Inc.
(NYSE: LUB) ("Luby's" or the "Company") announced today that, on
July 1, 2020, the Company was
notified by the New York Stock Exchange ("NYSE") that the Company
has regained compliance with the NYSE's continued listing
On April 20, 2020, the Company was
notified by NYSE of its noncompliance with the NYSE's continued
listing standards because the average closing price of shares of
its common stock had fallen below $1.00 per share over a period of 30 consecutive
trading days, which is the minimum average closing price per share
required to maintain continued listing on the NYSE.
Luby's regained compliance after its average closing price for
the 30-trading days ended June 30,
2020 was above the NYSE's minimum requirement of
$1.00 per share based on a 30-trading
day average. Accordingly, the Company is no longer considered below
the $1.00 per share continued listing
criterion and the below compliance ".BC" indicator has been removed
from the Company's common shares.
For additional information contact:
Dennard Lascar Investor
Rick Black / Ken Dennard
SOURCE Luby's, Inc.