Maui Land & Pineapple Continued Listing Plan Accepted by NYSE

Before you go, we thought you'd like these...
Before you go close icon

Maui Land & Pineapple Continued Listing Plan Accepted by NYSE

KAPALUA, Hawaii--(BUSINESS WIRE)-- Maui Land & Pineapple Company, Inc. (NYS: MLP) announced today that the New York Stock Exchange (NYSE) has accepted the Company's plan for continued listing on the NYSE. As a result, the Company's common stock will continue to be listed on the NYSE, subject to quarterly reviews by the NYSE to monitor the Company's progress against the plan.

The NYSE notified the Company on October 23, 2012 that the Company had fallen below the NYSE's continued listing standards because its average market capitalization was less than $50 million over a 30 trading-day period and its most recently reported shareholders' equity was less than $50 million. With the acceptance of the plan, the Company has 18 months from the original notification date in which to comply with the average market capitalization standard, subject to its compliance with the NYSE's other continued listing requirements.


About Maui Land & Pineapple Company, Inc.

Maui Land & Pineapple Company, Inc. develops, sells, and manages residential, resort, commercial, and industrial real estate. The Company owns approximately 23,000 acres of land on Maui and manages properties, utilities, and a nature preserve at the Kapalua Resort.



Maui Land & Pineapple Company, Inc.
Tim T. Esaki, 808-665-5480
tesaki@mlpmaui.com

KEYWORDS:   United States  North America  Hawaii

INDUSTRY KEYWORDS:

The article Maui Land & Pineapple Continued Listing Plan Accepted by NYSE originally appeared on Fool.com.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

Want more news like this?

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

From Our Partners