Regis receives noncompliance notification from Nasdaq

Regis announced that it has received written notice from the NYSE that the company does not presently meet the NYSE’s continued listing standard that requires the company to maintain a minimum average closing price of $1.00 per share over a period of 30 consecutive trading days. As set forth in the notice, as of October 3, the 30 trading-day average price of the company’s common stock was 92c. Pursuant to applicable NYSE rules, the company plans to timely notify the NYSE that it intends to pursue actions to meet the minimum average share price requirement by pursuing measures that are in the best interests of the company and its shareholders. The NYSE provides for a period of six months following receipt of the notice for the company to meet the share price standard and regain compliance for continued listing on the NYSE. The notice has no immediate impact on the listing of the company’s common stock, which will continue to be listed and traded on the NYSE, subject to the company’s compliance with the other continued listing requirements of the NYSE.