Regis: NYSE to commence delisting proceedings for company’s common stock

Regis has been informed that NYSE Regulation has determined to commence proceedings to delist Regis’ common stock from the New York Stock Exchange. Regis common stock has not been suspended from trading and is expected to continue to be listed and traded on the NYSE while the company considers whether to request a review of NYSE’s determination to commence delisting proceedings and, if such a review is requested, while any such review remains pending. NYSE Regulation has determined that Regis was unable to demonstrate that it had regained compliance with the applicable listing standard by the expiration of the maximum plan period. As previously disclosed, Regis had been deemed below compliance with the NYSE’s continued listing standard in Section 802.01B of the Listed Company Manual requiring listed companies to maintain either (i) at least $50M in stockholders’ equity or (ii) at least $50M in total market capitalization on a 30-trading day average basis.