Centrus Energy Corp. Regains Compliance with NYSE MKT Continued Listing Standards
01 Maio 2017 - 5:47PM
Business Wire
Centrus Energy Corp. (NYSE MKT: LEU) today reported that it has
received notification from the NYSE MKT LLC that the Company has
regained compliance with the NYSE MKT’s continued listing
standards.
“Today’s announcement reflects our focus on shareholder value
and the continued progress that we are making,” said Daniel B.
Poneman, Centrus’ president and chief executive officer.
On November 17, 2015, Centrus received notice from the NYSE MKT
indicating that the Company was not in compliance with continued
listing standards. In December 2015, Centrus submitted a plan to
the NYSE MKT outlining the steps the Company would take to regain
compliance by May 17, 2017. That plan was formally accepted by NYSE
MKT in January 2016, and the Company has continued to be listed on
the exchange throughout the 18-month period.
The notification from the NYSE MKT, received on April 28, 2017,
confirms that Centrus is back in compliance with the listing
standard. In accordance with NYSE MKT regulations, the Company will
be subject to a 12-month follow-up review period to ensure that the
Company does not fall below any of the NYSE MKT’s continued listing
standards.
About Centrus Energy Corp.
Centrus Energy Corp. is a trusted supplier of enriched uranium
fuel for commercial nuclear power plants in the United States and
around the world. Our mission is to provide reliable and
competitive fuel goods and services to meet the needs of our
customers, consistent with the highest levels of integrity, safety,
and security.
Forward-Looking Statements
This news release contains “forward-looking statements” within
the meaning of Section 21E of the Securities Exchange Act of 1934 -
that is, statements related to future events. In this context,
forward-looking statements may address our expected future business
and financial performance, and often contain words such as
“expects”, “anticipates”, “intends”, “plans”, “believes”, “will”,
“should”, “could”, “would” or “may” and other words of similar
meaning. Forward-looking statements by their nature address matters
that are, to different degrees, uncertain. For Centrus Energy
Corp., particular risks and uncertainties that could cause our
actual future results to differ materially from those expressed in
our forward-looking statements include, risks related to the
limited trading markets in our securities; risks related to our
ability to maintain the listing of our common stock on the NYSE MKT
LLC; the impact and potential extended duration of the current
supply/demand imbalance in the market for low-enriched uranium
(“LEU”); risks relating to our sales order book, including
uncertainty concerning customer actions under current contracts and
in future contracting due to market conditions and lack of current
production capability; risks associated with our reliance on
third-party suppliers to provide essential services to us; pricing
trends and demand in the uranium and enrichment markets and their
impact on our profitability; movement and timing of customer
orders; risks related to trade barriers and contract terms that
limit our ability to deliver LEU to customers; risks related to
actions that may be taken by the U.S. government, the Russian
government or other governments that could affect our ability or
the ability of our sources of supply to perform under their
contract obligations to us, including the imposition of sanctions,
restrictions or other requirements; the impact of government
regulation including by the U.S. Department of Energy and the U.S.
Nuclear Regulatory Commission; uncertainty regarding our ability to
commercially deploy competitive enrichment technology; potential
strategic transactions, which could be difficult to implement,
disrupt our business or change our business profile significantly;
the outcome of legal proceedings and other contingencies (including
lawsuits and government investigations or audits); the competitive
environment for our products and services; changes in the nuclear
energy industry; the impact of financial market conditions on our
business, liquidity, prospects, pension assets and insurance
facilities; revenue and operating results can fluctuate
significantly from quarter to quarter, and in some cases, year to
year; and other risks and uncertainties discussed in this and our
other filings with the Securities and Exchange Commission.
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version on businesswire.com: http://www.businesswire.com/news/home/20170501006322/en/
Centrus Energy Corp.Investors:Don Hatcher,
301-564-3460orMedia:Jeremy Derryberry, 301-564-3392
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