Transocean gets warning from New York Stock Exchange

Drilling company Transocean has received a warning from the New York Stock Exchange, as the company's equity has been trading below USD 1 for a period of 30 days. The company now has six months to correct the price before its listing becomes at risk.

Photo: PR/Transocean

Transocean's share price has been closing at less than USD 1 for the past 30 days, and this triggers a warning from the New York Stock Exchange, where the drilling company is listed.

In a so-called formal notice, the company has been notified that its share price does not comply with the requirements for a listing on the stock exchange. But all other requirements for a listing are met, writes Transocean in a statement.

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