LUXEMBOURG--(BUSINESS WIRE)--Pacific Drilling S.A. (NYSE: PACD) announced today that it has been notified by the New York Stock Exchange (“NYSE”) that it is once again in compliance with the NYSE’s continued listing requirements.
The Company previously announced that it received a notice from the NYSE on January 13, 2016 that the Company did not satisfy the $1.00 minimum share price standard for continued listing of the Company’s common shares, and the Company had until July 13, 2016 to cure the non-compliance.
At the close of trading on May 31, 2016, the Company’s common shares had a closing price per share and a 30-trading-day average closing price per share above $1.00 and accordingly, the Company has regained compliance with the continued listing standard.
About Pacific Drilling
With its best-in-class drillships and highly experienced team, Pacific Drilling is committed to becoming the industry’s preferred ultra-deepwater drilling contractor. Pacific Drilling’s fleet of seven drillships represents one of the youngest and most technologically advanced fleets in the world. For more information about Pacific Drilling, including its current Fleet Status, please visit www.pacificdrilling.com.
