NYSE to Suspend R.H. Donnelley Corporation and Moves to Remove from the List
NEW YORK, December 31, 2008 – NYSE Regulation, Inc. (“NYSE Regulation”) announced today that it determined that the trading in the common stock of R.H. Donnelley Corporation (the "Company") – ticker symbol RHD – should be suspended prior to the market opening on Friday, January 2, 2009. The Company expects its common stock to be quoted on the Pink Sheets that same day.
The decision to suspend the Company’s common stock was reached in view of the fact that the Company has recently fallen below the New York Stock Exchange’s (“NYSE”) continued listing standard regarding average global market capitalization over a consecutive 30 trading day period of not less than $25 million, which is the minimum threshold for listing.
The Company had previously fallen below the NYSE’s continued listing standard for average closing price of less than $1.00 over a consecutive 30 trading day period, as well as average global market capitalization over a consecutive 30 trading day period of not less than $75 million and latest reported shareholders’ equity of not less than $75 million.
The NYSE will make the appropriate filings with the Securities and Exchange Commission pending the completion of its applicable procedures. The NYSE noted that it may, at any time, suspend a security if it believes that continued dealings in the security on the NYSE are not advisable.
Company’s Investor Relations Department:
See Section 802.00 of the NYSE Listed Company Manual for continued listing criteria and procedure for delisting