Trinity Biotech regains compliance with Nasdaq rule

Trinity Biotech Plc. reported the receipt of a formal notification from The Nasdaq Stock Market LLC that the Company has regained compliance with Listing Rule 5450(a)(1), which requires the Company’s American Depositary Shares (“ADSs”) to maintain a minimum bid price of $1.00 per ADS. The Nasdaq staff made this determination of compliance after the closing bid price of the Company’s was at $1.00 per share or greater for the prior 10 consecutive business days. Accordingly, the Company has regained compliance with Nasdaq Listing Rule 5450(a)(1) and Nasdaq considers the prior bid price deficiency matter now closed.
MB Bureau