MGT Capital Investments NYSE Accepts Plan of Compliance Related to Lack of Shareholder Meeting in 2011
MGT Capital Investments (NYSE: MGT), a holding company with operations in the healthcare industry, today announced that on January 26, 2012 it received notice from the staff of the NYSE Amex LLC (the “Exchange”) that the Exchange had accepted the Company's plan of compliance (the “Plan”) with respect to previously disclosed non-compliance with Section 704 of the listing standards of the Exchange's Company Guide, for failure to hold an annual meeting of its stockholders during 2011 for the fiscal year ended December 31, 2010. The Exchange accepted the Company's Plan with a targeted date of July 3, 2012 to regain compliance with the continued listing standards. The Company will be subject to periodic review by Exchange staff during the extension period. Failure to make progress consistent with the Plan or to regain compliance with the continued listing standards by the end of the extension period could result in the Company being delisted from the NYSE AMEX LLC.
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