Centrus Energy Regains Listing Standards for New York Stock Exchange

Centrus Energy has regained compliance with New York Stock Exchange listing standards after reaching an average 30 trading-day market capitalization above $50 million, the company announced yesterday. The company fell out of compliance with listing standards in April 2013, and Centrus then submitted a plan to the Exchange for bringing it into compliance over an 18-month cure period.

 

The NYSE notified the company Friday that it had regained compliance, which came a month after the company emerged from a Chapter 11 bankruptcy restructuring and switched its name from USEC to Centrus.  “Over the past 18 months, the management and employees of Centrus worked hard to achieve the goals set out in the plan of compliance submitted to the Exchange, which included the restructuring and strengthening of our balance sheet through the Chapter 11 process,” John Barpoulis, Centrus senior vice president and chief financial officer, said in a statement. “We appreciate the professional, cooperative approach of the Exchange during this period.”