Internet Gold Receives Nasdaq Non-Compliance Notice
August 21 2019 - 12:12PM
Internet Gold - Golden Lines Ltd. (the “
Company” or
“
Internet Gold”) (NASDAQ Global Select Market and TASE:
IGLD), today announced that on August 19, 2019 it received a notice
from the Listing Qualifications Department of Nasdaq advising the
Company that it was not in compliance with Listing Rule
5450(b)(1)(B) requiring companies on The Nasdaq Global Select
Market to maintain a minimum of 750,000 publicly held shares.
The Company has a 45 days period, until October
3, 2019, to submit a plan to regain compliance. If the plan is
accepted, the Company may be granted an extension of up to 180
calendar days to regain compliance with this particular rule.
About Internet GoldInternet Gold is a
telecommunications-oriented holding company whose principal asset
is a 51.95% stake in B Communications Ltd., the owner of 26.34% of
outstanding shares of Bezeq The Israel Telecommunication
Corporation Limited, the leading communications group in Israel.
For more information, please visit the following Internet
sites:www.igld.com www.bcommunications.co.il www.ir.bezeq.co.il
Forward-Looking StatementsThis press release
contains forward-looking statements that are subject to risks and
uncertainties. Factors that could cause actual results to
differ materially from these forward-looking statements include,
but are not limited to, general business conditions in the
industry, changes in the regulatory and legal compliance
environments, the failure to manage growth and other risks detailed
from time to time in Internet-Gold’s filings with the Securities
Exchange Commission. These documents contain and identify other
important factors that could cause actual results to differ
materially from those contained in our projections or
forward-looking statements. Stockholders and other readers are
cautioned not to place undue reliance on these forward-looking
statements, which speak only as of the date on which they are made.
We undertake no obligation to update publicly or revise any
forward-looking statement.
For further information, please contact:
Doron Turgeman– CEO
doron@igld.com / Tel: +972-3-924-0000
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