CmaBoardReleases
Title: Resolution No. (76) of 2022 Regarding Postponing the Date of Cancelling the Listing the Shares of AAN Digital Services Holding Company from Boursa Kuwait Securities Exchange
Having Perused:
- Law No. (7) of 2010 Regarding the Establishment of the Capital Markets Authority and Regulating Securities Activities, its Executive Bylaws, and their amendments; and
- CMA Board of Commissioners Resolution passed in its meeting No. (6) of 2022 held on 16/02/2022; and
- Based on CMA Resolution No. (26) of 2022 Regarding Suspending the Shares of AAN Digital Services Holding Company from Trading at Kuwait Securities Exchange issued on 17/02/2022; and
- CMA Board of Commissioners Resolution passed in its meeting No. (17) of 2022 held on 27/04/2022.
The Following Was Resolved:
Article (1):
The period of suspending the shares of AAN Digital Services Holding Company from trading at Boursa Kuwait Securities Exchange is hereby extended to no later than 03/11/2022 due to the steps taken by the Company’s shareholders, which is dissolving the former Board of Directors and electing a new Board of Directors, and the new Board of Directors submission of a plan for meeting the necessary requirements for lifting the suspension of the Company’s shares and pledging to complete it during the extension period.
Article (2):
The listing of AAN Digital Services Holding Company shall be canceled from Boursa Kuwait Securities Exchange as of 06/11/2022 in the event that the Company does not meet the requirements stipulated in Resolution No. (26) of 2022 Regarding Suspending the Shares of AAN Digital Services Holding Company from Trading at Kuwait Securities Exchange issued on 17/02/2022 and any other upcoming requirements that may affect the resumption of trading of the shares.
Article (3):
The concerned bodies shall execute this Resolution, each within its jurisdiction. This Resolution shall come into force as of 27/04/2022.
Prof. Ahmad A. Al-Melhem
Issued on: 27/04/2022.