Tower Group International Receives Nasdaq Notice Regarding Listing Requirements
19 Agosto 2014 - 4:00PM
Business Wire
Tower Group International, Ltd. (NASDAQ:TWGP) (“Tower”)
announced today that it received a notification letter from The
Nasdaq Listing Qualification Department (“Nasdaq”) on August 14,
2014, stating that because Tower has not yet filed its Form 10-Q
for the period ended June 30, 2014 (the "10-Q") with the Securities
and Exchange Commission (“SEC”), it was not in compliance with the
continued listing requirements under Nasdaq Listing Rule
5250(c)(1). This press release is being issued in accordance with
Nasdaq Listing Rule 5810(b).
The Nasdaq notice has no immediate effect on the listing or
trading of Tower's common stock on The Nasdaq Global Market. Under
Nasdaq listing rules, Tower has 60 days to submit a plan to Nasdaq
to regain compliance with the applicable listing rule. Tower
currently expects to file the 10-Q with the SEC within
approximately the next twenty days.
About Tower Group International, Ltd.
Tower Group International, Ltd. is a Bermuda-based global
diversified insurance and reinsurance holding company and is listed
on the NASDAQ Global Select Market under the symbol TWGP. Through
our insurance and reinsurance subsidiaries in the U.S. and Bermuda,
collectively referred to as Tower Group Companies, we deliver a
broad range of commercial, personal and specialty insurance
products and services in the U.S. and specialty reinsurance
products globally through our distribution and underwriting
partners.
For more information, visit Tower's website at
http://www.twrgrpintl.com.
Cautionary Note Regarding Forward-Looking Statements
The Private Securities Litigation Reform Act of 1995 provides a
"safe harbor" for forward-looking statements. This press release
and any other written or oral statements made by or on behalf of
Tower may include forward-looking statements that reflect Tower's
current views with respect to future events and financial
performance. All statements other than statements of historical
fact included in this press release are forward-looking statements.
Forward-looking statements can generally be identified by the use
of forward-looking terminology such as "may," "will," "plan,"
"expect," "project," "intend," "estimate," "anticipate," "believe"
and "continue" or their negative or variations or similar
terminology. All forward-looking statements address matters that
involve risks and uncertainties. Accordingly, there are or will be
important factors that could cause the actual results of Tower to
differ materially from those indicated in these statements. Please
refer to Tower’s filings with the SEC, including among others
Tower’s Annual Report on Form 10-K for the year ended December 31,
2013 and subsequent filings on Form 10-Q, for a description of the
important factors that could cause the actual results of Tower to
differ materially from those indicated in these statements.
Forward-looking statements speak only as of the date on which they
are made, and Tower undertakes no obligation to update publicly or
revise any forward-looking statement, whether as a result of new
information, future developments or otherwise.
Tower Group International, Ltd.William E. Hitselberger,
212-655-2110Executive Vice President and Chief Financial
Officerbhitselberger@twrgrp.com
(MM) (NASDAQ:TWGP)
Gráfica de Acción Histórica
De May 2024 a Jun 2024
(MM) (NASDAQ:TWGP)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024