Dover Motorsports, Inc.’s Continued Listing Plan Accepted by New York Stock Exchange
January 23 2012 - 12:30PM
Business Wire
Dover Motorsports, Inc. (NYSE: DVD) today announced receipt of
notice that the New York Stock Exchange (“NYSE”) accepted the
Company’s plan for continued listing. As a result, the Company’s
common stock will continue to be listed on the NYSE, subject to
quarterly reviews by the NYSE’s Listing and Compliance Committee to
ensure the Company’s progress toward its plan to restore compliance
with continued listing standards. On November 4, 2011, the Company
announced that it was below continued listing criteria because its
average market capitalization over a consecutive 30 trading-day
period and total stockholders’ equity were each below the $50
million required.
This release contains or may contain forward-looking statements
based on management’s beliefs and assumptions. Such statements are
subject to various risks and uncertainties which could cause
results to vary materially. Please refer to the Company’s SEC
filings for a discussion of such factors.
Dover Motorsports, Inc. (NYSE: DVD) is a leading promoter
of NASCAR sanctioned motorsports events whose subsidiaries own and
operate Dover International Speedway in Dover, Delaware and own
Nashville Superspeedway near Nashville, Tennessee. For further
information, log on to www.dovermotorsports.com.
Dover Motorsports (NYSE:DVD)
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