Ntl (NASDAQ:NTLI)
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From Jun 2019 to Jun 2024
On September 11, 2006, NTL Incorporated (Nasdaq: NTLI)
notified the Nasdaq Global Select Market and publicly announced that
Gordon McCallum had been appointed to its Board of Directors, and that
his appointment would cause the Company temporarily to become
noncompliant with Nasdaq Marketplace Rule 4350(c)(1). This Rule
requires a Nasdaq-listed company to have a majority of independent
directors serving on its board.
The Company today announces that it has received a staff
deficiency letter from Nasdaq indicating that the Company fails to
comply with Rule 4350(c)(1), which is a requirement for continued
listing on Nasdaq.
On or before September 26, 2006, the Company intends to submit a
plan to Nasdaq in which it outlines the key steps it intends to take
in order to regain compliance with Rule 4350(c)(1), either by the
appointment of an additional independent director or by securing the
resignation of an existing director.
Notes to Editors - about ntl:Telewest
On 3 March 2006 NTL Incorporated completed a merger with Telewest
Global, Inc., creating the UK's largest provider of residential
broadband and the UK's leading provider of triple play services. The
company recently completed its acquisition of Virgin Mobile. NTL
offers a wide range of communications and entertainment services to
more than 5 million residential customers. ntl:Telewest networks can
service more than 12 million homes - 50% of UK households.