NYSE To Suspend Trading In Fremont General Corp. >FMT

NYSE To Suspend Trading In Fremont General Corp. >FMT

Last Update: 4/14/2008 4:47:02 PM

DOW JONES NEWSWIRES

The New York Stock Exchange said it will suspend trading of Fremont General Corp.
(FMT) prior to the opening of trading Thursday for violating the exchange’s
minimum bid-price requirement.

Fremont General, a Santa Monica, Calif., financial services holding company, will
also have its 9% Trust Originated Preferred Securities suspended.

The suspension is due to the company’s shares trading below a $1 a share for 30
consecutive days and the “abnormally low” price of its common stock with a
resultant market cap of $35.8 million as of closing April 11, according to the
NYSE.

Shares of Fremont General closed up 9 cents, or 20%, to 54 cents, and weren’t
active after hours.

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