NYSE to Delist R.G. Barry Corporation
08 Giugno 2004 - 11:25PM
PR Newswire (US)
NYSE to Delist R.G. Barry Corporation PICKERINGTON, Ohio, June 8
/PRNewswire-FirstCall/ -- R.G. Barry Corporation (NYSE:RGB) today
reported that it has received notice from The New York Stock
Exchange that the exchange plans to suspend trading in R.G. Barry's
common shares prior to the market opening on Monday, June 14, 2004.
The NYSE's decision is based on the Company's failure to meet
NYSE's continued listing standards for global market capitalization
and total shareholders' equity. On June 5, 2003, the Company
reported that it had submitted a business plan to the NYSE for
bringing the Company into conformity with the NYSE's continued
listing standards within 18 months. The Company has been unable to
meet the financial goals set forth in that plan. "We do not believe
the NYSE's decision has any bearing on our ability to move forward
with implementation of our new business model, and we have no plans
to challenge their decision," said Thomas M. Von Lehman, R.G. Barry
Corporation President and Chief Executive Officer. "Our focus is
the future. As we have said previously, 2004 will be a difficult
transition year and we do not expect to report an operating profit.
However, we continue to move forward with implementation of our new
business model which is intended to result in a smaller
infrastructure, lower operating costs and a more efficient supply
chain." NYSE has also notified the Company that it will make the
appropriate filings with the Securities and Exchange Commission to
delist the Company's common shares from the NYSE. The Company will
not seek an appeal of the NYSE staff's decision to delist. The
Company expects that its common shares will be traded on the Over
the Counter Bulletin Board. As of the date of this release, a
trading symbol for the Bulletin Board has not been assigned. Except
for historical information contained herein, the matters discussed
in this release contain forward-looking statements that involve
risks and uncertainties. The Company's actual results may differ
materially from the results discussed in the forward-looking
statements. There are a number of important factors that could
cause actual results of the Company to differ materially from those
indicated by such forward-looking statements. These factors
include, but are not limited to, the failure of any broker-dealer
to agree to act as a market maker for the Company's shares on the
Over the Counter Bulletin Board in which case the Company's shares
would not trade on that trading system as well as other risk
factors identified from time to time in our periodic filings with
the Securities and Exchange Commission. Our forward-looking
statements were based on information, plans and estimates at the
date of this release. We undertake no obligation to update any
forward- looking statements to reflect changes in underlying
assumptions or factors, new information, future events or other
changes. DATASOURCE: R.G. Barry Corporation CONTACT: Daniel D.
Viren, Senior Vice President-Finance, or Roy Youst, Director
Corporate Communications, both of R.G. Barry Corporation,
+1-614-864-6400
Copyright
Grafico Azioni R.G. Barry (NYSE:RGB)
Storico
Da Set 2024 a Ott 2024
Grafico Azioni R.G. Barry (NYSE:RGB)
Storico
Da Ott 2023 a Ott 2024
Notizie in Tempo Reale relative a Barry R G Corp (Borsa di New York (NYSE)): 0 articoli recenti
Più Barry R G Corp Articoli Notizie