Champion Enterprises Receives Continued Listing Standard Notice from the NYSE
19 Dicembre 2008 - 10:31PM
PR Newswire (US)
TROY, Mich., Dec. 19 /PRNewswire-FirstCall/ -- Champion
Enterprises, Inc. (NYSE:CHB), a leader in factory-built
construction, announced today that on Dec. 17, 2008, it received
notification from the New York Stock Exchange that the Company is
not in compliance with the exchange's continued listing standard
under section 802.01C of the NYSE Listed Company Manual because the
average closing share price of Champion's common stock for a
consecutive 30 trading-day period fell below $1.00. Champion has
notified the NYSE that it intends to cure the deficiency. The
Company has a period of six months from the date it received the
notification by the end of which it must attain a minimum share
price and consecutive 30 trading-day average share price of $1.00.
During the cure period, subject to compliance with other applicable
NYSE continued listing requirements, the Company's common stock
will continue to be listed on the NYSE under the symbol "CHB" with
the addition of ".BC" to indicate that the Company is not currently
in compliance with the exchange's continued listing standards.
About Champion Troy, Michigan-based Champion Enterprises, Inc., a
leader in factory-built construction, operates 31 manufacturing
facilities in North America and the United Kingdom working with
independent retailers, builders and developers. The Champion family
of builders produces manufactured and modular homes, as well as
modular buildings for government and commercial applications. For
more information, please visit http://www.championhomes.com/.
Forward-Looking Statements This news release contains a statement
regarding Champion's intention to cure the continued listing
standard deficiency, which could be construed to be a
forward-looking statement within the meaning of the Securities
Exchange Act of 1934. This statement reflects the Company's view
with respect to future plans, events and financial performance. The
Company does not undertake any obligation to update the information
contained herein, which speaks only as of the date of this press
release. The Company has identified certain risk factors which
could cause actual results and plans to differ substantially from
those included in the forward-looking statement. These factors are
discussed in the Company's most recently filed Form 10-K and other
filings with the Securities and Exchange Commission, in each case
under the section entitled "Forward-Looking Statements," and those
discussions regarding risk factors are incorporated herein by
reference. DATASOURCE: Champion Enterprises, Inc. CONTACT: Laurie
Van Raemdonck, Champion Enterprises, Inc., +1-248-614-8267, ; or
Phyllis Knight, Executive Vice President and CFO, +1-248-614-8200,
both of Champion Enterprises, Inc. Web site:
http://www.championhomes.com/ Company News On-Call:
http://www.prnewswire.com/comp/110861.html
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