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Halting the trading on GCOM stocks

2016-04-10

Based on a circulation by Palestine Stock Exchange PEX on the “Situation of Globalcom Telecommunication GCOM” and the continuous annual losses since its establishment, and regarding the board of directors’ decisions and in the light of the reasons justified by the board of directors to Palestine Capital Market Authority PCMA on the previous administration in which a serious allegation was raised that needs to be verified by competent authorities, it has been decided to halt the trading on GCOM stocks beginning from Sunday 10/04/2016 and till this reasons demise, while the decision also halts all other transfers through the Clearing and Depository System except the inheritance transfers