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Obsidian Energy Regains Compliance with the New York Stock Exchange's Continued Listing Standard & Announces Details for its First Quarter Results and Annual and Special Meeting
Obsidian Energy Regains Compliance with the New York Stock Exchange's Continued Listing St...
About this update from Obsidian Energy Ltd
[{"type":"text","content":"\n\n\n\nObsidian Energy Regains Compliance with the New York Stock Exchange's Continued Listing Standard & Announces Details for its First Quarter Results and Annual and Special Meeting\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nObsidian Energy Regains Compliance with the New York Stock Exchange's Continued Listing Standard & Announces Details for its First Quarter Results and Annual and Special Meeting\nCanada NewsWire\nCALGARY, May 1, 2018\n\n\n\nCALGARY, May 1, 2018 /CNW/ - OBSIDIAN ENERGY LTD. (TSX/NYSE – OBE) (\"Obsidian Energy\", the \"Company\", \"we\", \"us\" or \"our\") received notification from the New York Stock Exchange (the \"NYSE\") that we have regained compliance with the NYSE's continued listing standard regarding the price of Obsidian Energy's common stock.\n\nThe Company had received notification regarding the price deficiency on March 12, 2018. The NYSE requires that the average closing price of a listed company's common stock be no less than US$1.00 per share over a consecutive 30 trading day period and close above US$1.00 per share on the last trading day of the month to regain compliance. The Company has been notified by the NYSE that it has cured the price condition and regained compliance with all NYSE continued listing requirements as of April 30, 2018. \n\nAs outlined in our Management Information Circular and Proxy Statement, the Company will withdraw the share consolidation proposal at the Annual and Special Meeting on May 11, 2018 (the \"Meeting\") based on the Company regaining compliance with the NYSE's continued listing standard. The withdrawal of this resolution will not affect the validity of the form of proxy enclosed with the Meeting materials, nor the validity of any proxy that has been otherwise already properly submitted. Shareholders still wishing to complete and submit a proxy in relation to the Meeting do not need to indicate their voting instructions on the resolution regarding the share consolidation.\n\nFirst Quarter Results & Meeting Details\n\nThe Company will be r...