In light of the recent COVID-19 developments, Dennard Lascar has been implementing a number of measures to safeguard the health of our employees, clients, contractors and the community, while continuing to operate responsibly and maintaining the resiliency of the company. We take seriously the guidelines of health experts and are adhering to the highest possible standards issued by the World Health Organization (WHO) and Centers for Disease Control (CDC) as well as governments and regulators across our areas of operations.
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 standards.
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 Relations
Rick Black / Ken Dennard
SOURCE Luby's, Inc.