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NTLI Ntl

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Pre Market
Last Updated: -
Delayed by 15 minutes
Share Name Share Symbol Market Type
Ntl NASDAQ:NTLI NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

NTL Incorporated Receives Confirmatory Notice from Nasdaq Regarding Noncompliance with Board Independence Requirements

12/09/2006 5:30pm

Business Wire


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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.

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