(Source: PRNewswire-FirstCall)
CARY, N.C., Nov. 14 /PRNewswire-FirstCall/ -- R.H. Donnelley Corporation , one of the nation's leading Yellow Pages and online local commercial search companies, was notified today by the New York Stock Exchange (NYSE) that the Company was not in compliance with two NYSE standards for continued listing of the Company's common stock on the exchange. Specifically, the Company is considered below criteria by the NYSE because (i) the average closing price of the Company's common stock was less than $1.00 per share over a consecutive 30-day trading period and (ii) the Company's average total market capitalization has been less than $75 million over the same period and its last reported stockholders' equity was less than $75 million.
(Logo: http://www.newscom.com/cgi-bin/prnh/20060731/NYM044LOGO)
Under NYSE rules, the Company has six months from the notification date to comply with the minimum price standard and 18 months to comply with the minimum market capitalization/stockholders' equity standard. The Company plans to notify the NYSE that it intends to cure the deficiencies within the prescribed timeframes. If the Company is not compliant with the continued listing standards within the prescribed timeframes, its common stock will be subject to suspension and delisting by the NYSE. In the meantime, R.H. Donnelley's common stock will continue to be listed on the NYSE under the symbol "RHD," but will be assigned a ".BC" indicator by the NYSE to signify that the Company is not currently in compliance with the NYSE's continued listing standards.
The Company's business operations, Securities and Exchange Commission reporting requirements, credit agreements and other debt obligations are unaffected by this notification.
About R.H. Donnelley
R.H. Donnelley connects businesses and consumers through its portfolio of print and interactive marketing solutions. Small- and medium-sized businesses look to R.H. Donnelley's experienced team of marketing consultants to help them grow their companies and drive sales leads. Consumers depend on the Company's reliable, local business content to deliver the most relevant search results when they are seeking local goods and services. For more information, visit http://www.rhd.com/ and DexKnows.com.
Safe Harbor Provision
Certain statements contained in this press release are "forward-looking statements" subject to the safe harbor created by the Private Securities Litigation Reform Act of 1995.
