Lazare Kaplan Submits Compliance Plan to NYSE

Lazare Kaplan International Inc. submitted a plan to NYSE AMEX LLC last Wednesday outlining the company’s plan to regain compliance with the Exchange’s continued listing requirements.

The company intends to take steps to trade on the over-the-counter market should the NYSE not approve the plan.

Lazare Kaplan originally intended to submit a plan of compliance by September 30th after receiving a Deficiency Letter from the NYSE relating to its failure to timely file its Annual Report on Form 10-K for the fiscal year ended May 31st.

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