Maui Land & Pineapple Back in NYSE Compliance

Maui Land & Pineapple Back in NYSE Compliance

KAPALUA RESORT, Hawaii--(BUSINESS WIRE)-- Maui Land & Pineapple Company, Inc. (NYSE: MLP  ) has been informed by the New York Stock Exchange (NYSE) that it is now considered a “company back in compliance” with the NYSE’s continued listing standards. The NYSE decision was based on MLP’s consistent positive performance with respect to its business plan and the NYSE’s market capitalization standards over the past two quarters.

The NYSE notified the Company in October 2012 that it was not in compliance with 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. In December 2012, the Company submitted a business plan outlining its actions to achieve compliance within 18 months.

On May 20, 2013, MLP’s average market capitalization over a 30 trading-day period was approximately $81 million.

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@kapalua.com

KEYWORDS:   United States  North America  Hawaii

INDUSTRY KEYWORDS:

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.


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

DocumentId: 2442960, ~/Articles/ArticleHandler.aspx, 7/29/2014 1:36:04 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...