Regional Health Properties, Inc. Regains Compliance with NYSE American Continued Listing Standards

Rhea-AI Summary

Regional Health Properties has announced that it regained compliance with the NYSE American continued listing standards as of February 21, 2023. This follows the resolution of a deficiency related to the failure to hold an annual shareholders' meeting for the fiscal year ended December 31, 2021. Consequently, the compliance indicator was removed on February 22, 2023, and the Company is no longer listed among noncompliant issuers. Regional Health Properties operates primarily in senior living and long-term care real estate investments.

Positive

• Regained compliance with NYSE American listing standards.
• Compliance deficiency related to annual meeting resolution.

Negative

• None.

ATLANTA, GA, Feb. 24, 2023 (GLOBE NEWSWIRE) -- Regional Health Properties, Inc. (the “Company,” “we,” “us” or “our”) (NYSE American: RHE) (NYSE American: RHE-PA) announced today that the Company received a notice from the NYSE American LLC (the “Exchange”) on February 21, 2023 that the Company has regained compliance with the continued listing standard set forth in Section 704 of the NYSE American Company Guide. Specifically, the Company has resolved the continued listing deficiency with respect to its failure to hold an annual meeting of shareholders for the fiscal year ended December 31, 2021.

In the notification, the Exchange informed the Company that the below compliance (“BC”) indicator ceased to be disseminated on February 22, 2023. The Company was removed from the list of issuers noncompliant with NYSE American corporate governance listing standards posted on https://www.nyse.com/regulation/noncompliant-issuers and the BC indicator was removed from the profile, data and news pages of the Company’s security.

About Regional Health Properties

Regional Health Properties, Inc., a Georgia corporation, is a self-managed healthcare real estate investment company that invests primarily in real estate purposed for senior living and long-term care. For more information, visit www.regionalhealthproperties.com.

Company Contact	Investor Relations
Brent Morrison, CFA	Brett Maas
Chief Executive Officer & President	Managing Partner
Regional Health Properties, Inc.	Hayden IR
Tel (678) 368-4402	Tel (646) 536-7331
Brent.morrison@regionalhealthproperties.com	brett@haydenir.com

FAQ

What does the recent NYSE compliance news mean for RHE?

The recent NYSE compliance news indicates that Regional Health Properties has resolved previous deficiencies and met the necessary corporate governance standards, which is positive for its stock performance.

When did Regional Health Properties regain compliance with NYSE standards?

Regional Health Properties regained compliance on February 21, 2023.

What was the reason for the compliance deficiency for Regional Health Properties?

The compliance deficiency was due to the failure to hold an annual meeting of shareholders for the fiscal year ended December 31, 2021.

Is Regional Health Properties still listed as a noncompliant issuer?

No, Regional Health Properties has been removed from the list of noncompliant issuers as of February 22, 2023.