Teekay Tankers Ltd. (Teekay Tankers or the Company) (NYSE:TNK) announced today that on April 10, 2019, the Company was notified by the New York Stock Exchange LLC (NYSE) that it was not in compliance with the NYSE’s
continued listing standards because the average closing price of the Company's Class A common stock over the consecutive 30 trading-day period at that time was less than $1.00 per share.
Subsequently, as a result of the Company’s Class A common stock price appreciation, on May 1, 2019, Teekay Tankers was notified by the NYSE that the Company is again in compliance with the NYSE’s continued listing standards because the average share price over the 30 trading days ending, and its closing price as of, April 30, 2019 was above $1.00 per share.