TCP Regains Compliance with NYSE Minimum Share Price Listing Requirement
Aurora, Ohio (April 4, 2016) – TCP International Holdings Ltd. (NYSE: TCPI) today announced that it received notification from the New York Stock Exchange (“NYSE”) on April 1, 2016, that the Company has regained compliance with the NYSE’s continued listing standard for share price.
On December 23, 2015, the Company was notified by the NYSE that it was not in compliance with the continued listing standards because the average closing price of the Company’s common shares was less than $1.00 over a consecutive 30 trading-day period. The Company regained compliance with the NYSE’s share price standard on March 31, 2016, as both the closing share price of the Company’s common shares and its average closing share price over the preceding consecutive 30 trading-day period exceeded the $1.00 minimum threshold required by the NYSE.
Chief Financial Officer
Sapphire Investor Relations, LLC