Libbey Inc. addresses NYSE listing standard

Libbey Inc. announced 20 February 2009 that the New York Stock Exchange notified the company on 17 February 2009 that it had fallen below the NYSE“s continued listing standard relating to the company…

Libbey Inc. announced 20 February 2009 that the New York Stock Exchange notified the company on 17 February 2009 that it had fallen below the NYSE“s continued listing standard relating to the company“s total market capitalization and its shareholders“ equity. The NYSE requires that the average market capitalization of a listed company be not less than USD 75 million over a consecutive 30 trading-day period and that stockholders“ equity be not less than USD 75 million. Libbey intends to provide the NYSE, within 45 days of the date of the NYSE notice, with a business plan that demonstrates its strategy to return to compliance with the continued listing standards within 18 months. During the period, Libbey“s common stock will continue to be traded on the NYSE, subject to the company“s compliance with other NYSE continued listing requirements.