ST. LOUIS, MO (STL.News) – Foresight Energy LP (“Foresight”) (NYSE: FELP), a Delaware limited partnership, is announcing today that it has been notified by the New York Stock Exchange (the “NYSE”) that its common units did not satisfy one of the NYSE’s standards for continued listing. The NYSE requires that the average closing price per unit of a listed partnership be in excess of $1.00 for a consecutive 30-trading-day period.
Under the NYSE’s rules, Foresight has a period of six months, subject to possible extension, to bring its average common unit price back over $1.00. Foresight’s common units will continue to be listed and traded on the NYSE during this period. Foresight plans to notify the NYSE that it anticipates that this deficiency will be cured and that it will return to compliance with the NYSE continued listing standard. The NYSE notification does not affect Foresight’s Securities and Exchange Commission reporting requirements.