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Internet Gold receives delisting notice from Nasdaq

The listing qualifications department of Nasdaq on Oct. 22 sent a notice of delisting letter to Internet Gold - Golden Lines Ltd.

The Israeli telecommunications company previously received noncompliant notices after it failed to maintain the minimum 750,000 publicly held shares requirement and the minimum $10 million stockholders' equity requirement.

Internet Gold's shares will be delisted from the Nasdaq Global Select Market unless the company requests an appeal. The company, prior to Oct. 29, may request either an oral hearing or a hearing based solely on written submissions. If it does not, the company's ordinary shares will be suspended from trading on the Nasdaq Global Select Market at the opening of business on Oct. 31.

The company's shares will continue to be listed on the Tel-Aviv Stock Exchange.