CALGARY, May 15, 2020 /PRNewswire/ - Crescent Point Energy
Corp. ("Crescent Point" or the "Company") (TSX and NYSE: CPG)
received notice from the New York Stock Exchange ("NYSE") on
April 20, 2020, that the Company's
common stock was not in compliance with the NYSE's continued
listing standard requiring the average closing price of its common
shares be at least US$1.00 over a
consecutive 30-day trading period.
Under NYSE rules, Crescent Point can regain compliance at any
time during the granted cure period ending December 29, 2020, by having a closing share
price and a 30 trading-day average closing share price of at least
US$1.00 on the last trading day of
any calendar month. Failure to regain compliance could lead to
delisting. The Company's shares will continue to be listed and
traded on the NYSE during the cure period subject to compliance
with other continued listing requirements. The NYSE will assign a
".BC" suffix to the Company symbol "CPG" throughout the cure period
representing Crescent Point as below compliance of the NYSE price
listing standard.
This notice does not impact Crescent Point's ongoing business
operations, its reporting requirements to the U.S. Securities and
Exchange Commission or the continued listing and trading of the
Company's common shares on the Toronto Stock Exchange. The
notification is not discretionary and is sent by the NYSE when a
listed company's share price falls below the continued listing
standard requirement.
FOR MORE INFORMATION ON CRESCENT POINT ENERGY, PLEASE
CONTACT:
Brad Borggard, Senior
Vice President, Corporate Planning and Capital Markets, or
Shant Madian, Vice
President, Investor Relations and Corporate Communications
Telephone: (403) 693-0020 Toll-free (US and Canada): 888-693-0020 Fax: (403)
693-0070
Address: Crescent Point Energy Corp. Suite 2000, 585 - 8th Avenue
S.W. Calgary AB T2P 1G1
www.crescentpointenergy.com
Crescent Point shares are traded on the Toronto Stock Exchange
and New York Stock Exchange under the symbol CPG.
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SOURCE Crescent Point Energy Corp.