Playboy Receives Notice Regarding NYSE Listing
Staff Writer
2009-04-22
.bugnews.bloggieblog.com .
Playboy Enterprises, Inc. (NYSE: PLA, PLAA) said that it has received notice from the New York Stock Exchange (NYSE) that it is not in compliance with one of the continued listing criteria. Playboy is considered below criteria because its average market capitalization over a 30 trading-day period was below $75 million and its shareholders' equity was less than $75 million.
In accordance with NYSE procedures, Playboy intends to submit a plan to the Exchange within 45 days that describes how it expects to comply with the continued listing standards within the next 18 months. Playboy will continue to be listed and its shares traded on the NYSE, assuming acceptance of the plan and continued compliance with other listing criteria.