Internet Gold Receives Nasdaq Non-Compliance Notice
September 30 2019 - 6:30AM
Internet Gold - Golden Lines Ltd. (the “Company” or “Internet
Gold”) (NASDAQ Global Select Market and TASE: IGLD) today announced
that on September 26, 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)(A) requiring
companies under certain standards to maintain a minimum of
$10,000,000 in stockholders’ equity for continued listing.
The Company has a 45 days' period, until
November 11, 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 Gold
Internet 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.comwww.bcommunications.co.ilwww.ir.bezeq.co.il
Forward-Looking Statements
This 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– CEOdoron@igld.com / Tel:
+972-3-924-0000
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