Dan River maintains NYSE listing
July 1, 2002-- Home Textiles Today,
Danville, VA — Dan River Inc. has met the New York Stock Exchange's minimum share price requirement for continued listing on the NYSE, after the stock had fallen below $1 for a 30-consecutive day trading period in fourth quarter of 2001.
Accordingly, Dan River acknowledged that it does not intend to effect the reverse split authorized at its annual meeting of shareholders in April.
At the close of trading on June 26, 2002, Dan River's stock was trading at $5.23, with a 30-consecutive trading day average closing price of $4.28.
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