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Resolute Energy Corp. announced that it received a letter dated June 1, 2015, from the New York Stock Exchange informing Resolute that it has regained compliance with the NYSE's continued listing standards.
The NYSE requires that the average closing price of a listed company's common stock be above $1.00 per share over 30 consecutive trading-days. The Company was previously notified by letter dated February 3, 2015, that it had fallen out of compliance and was given until August 3, 2015, to regain compliance. The Company was permitted to come back into compliance by demonstrating a $1.00 share price on both the last trading-day of any calendar month and the average share price over the 30 trading days preceding the end of that month. As of May 29, 2015, the closing price of the Company's common stock on the NYSE was $1.18 and the 30 trading-day average closing price was $1.395 per share. Accordingly, the Company is now in compliance with the $1.00 continued listing criterion.