Regalwood Global Energy Ltd. Receives Non-Compliance Notice from NYSE
09 Oktober 2018 - 11:00PM
Regalwood Global Energy Ltd. (NYSE:RWGE) today announced that on
October 3, 2018, the New York Stock Exchange (the “NYSE”) notified
the Company that it was not in compliance with Section 802.01B of
the NYSE Listed Company Manual (the “Manual”), requiring that the
Company’s Class A ordinary shares be held by a minimum of 300
public shareholders.
Pursuant to such notice, the Company is subject to the
procedures set forth in Sections 801 and 802 of the Manual and must
submit a business plan that demonstrates how the Company expects to
return to compliance within 18 months of receipt of the notice. The
Company anticipates that it will satisfy this listing requirement
within such time period once it locates a target business with
which to consummate an initial business combination.
The notice and procedures described above have no effect on the
listing of the Company’s securities and the Company intends to
submit a plan to regain compliance as required by NYSE rules.
Regalwood Global Energy Ltd. is an international energy-focused
special purpose acquisition company sponsored by an affiliate of
Carlyle International Energy Partners, L.P., formed as a Cayman
Islands exempted company for the purpose of effecting a merger,
share exchange, asset acquisition, share purchase, reorganization
or similar business combination with one or more businesses or
entities. Regalwood Global Energy Ltd. is led by Marcel Q. H. van
Poecke, Chairman of the Board of Directors; Robert Maguire, a
member of the Board of Directors; Brooke B. Coburn, President; and
Kevin R. Gasque, Chief Financial Officer.
Forward Looking Statements
This press release includes forward-looking statements that
involve risks and uncertainties. Forward-looking statements are
statements that are not historical facts. Such forward-looking
statements are subject to risks and uncertainties, which could
cause actual results to differ from the forward-looking statements.
The Company expressly disclaims any obligations or undertaking to
release publicly any updates or revisions to any forward-looking
statements contained herein to reflect any change in the Company’s
expectations with respect thereto or any change in events,
conditions or circumstances on which any statement is based.
Contact:
Kevin R. GasqueRegalwood Global Energy Ltd. Chief Financial
Officer202-729-5626
Regalwood Global Energy (NYSE:RWGE)
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