Amcomri Provides Update on Listing of Shares on Cboe Canada
Amcomri Entertainment Inc. (Cboe CA: AMEN) (FSE: 25Y0) (OTC Pink: AMNNF) has announced that trading of its securities on Cboe Canada has been suspended as of September 3, 2024. This suspension follows the company's recent sale of its television production distribution assets and film production and distribution business, resulting in Amcomri ceasing to carry on an active business.
If the suspension is not lifted within 150 days, Amcomri's securities will be automatically delisted from Cboe Canada. The company is considering its options, including a potential voluntary delisting, which was previously approved by shareholders on August 28, 2024. Amcomri's management is evaluating the situation and will provide updates on any decisions regarding the company's listing status.
Amcomri Entertainment Inc. (Cboe CA: AMEN) (FSE: 25Y0) (OTC Pink: AMNNF) ha annunciato che il trading dei suoi titoli su Cboe Canada è stato sospeso a partire dal 3 settembre 2024. Questa sospensione segue la recente vendita da parte dell'azienda dei suoi beni di distribuzione della produzione televisiva e della produzione e distribuzione cinematografica, portando Amcomri a cessare di svolgere un'attività attiva.
Se la sospensione non verrà revocata entro 150 giorni, i titoli di Amcomri saranno automaticamente esclusi da Cboe Canada. L'azienda sta considerando le sue opzioni, inclusa una potenziale esclusione volontaria, precedentemente approvata dagli azionisti il 28 agosto 2024. La direzione di Amcomri sta valutando la situazione e fornirà aggiornamenti su qualsiasi decisione riguardante lo stato di quotazione dell'azienda.
Amcomri Entertainment Inc. (Cboe CA: AMEN) (FSE: 25Y0) (OTC Pink: AMNNF) ha anunciado que el comercio de sus valores en Cboe Canada ha sido suspendido a partir del 3 de septiembre de 2024. Esta suspensión sigue a la reciente venta de la empresa de sus activos de distribución de producción televisiva y el negocio de producción y distribución de películas, lo que ha llevado a Amcomri a cesar sus operaciones comerciales activas.
Si la suspensión no se levanta en un plazo de 150 días, los valores de Amcomri serán automáticamente excluidos de Cboe Canada. La empresa está considerando sus opciones, incluida una potencial exclusión voluntaria, que fue previamente aprobada por los accionistas el 28 de agosto de 2024. La dirección de Amcomri está evaluando la situación y proporcionará actualizaciones sobre cualquier decisión relacionada con el estado de cotización de la empresa.
Amcomri Entertainment Inc. (Cboe CA: AMEN) (FSE: 25Y0) (OTC Pink: AMNNF)는 2024년 9월 3일을 기준으로 Cboe Canada에서 자사 증권의 거래가 중단되었다고 발표했습니다. 이 중단은 회사가 최근 진행한 텔레비전 제작 배급 자산 및 영화 제작 및 배급 사업의 판매에 따른 것으로, Amcomri는 더 이상 활성 비즈니스를 운영하지 않게 되었습니다.
중단이 150일 이내에 해제되지 않는 경우 Amcomri의 증권은 자동으로 Cboe Canada에서 상장 폐지됩니다. 회사는 2024년 8월 28일 주주들이 사전 승인한 잠재적인 자발적 상장 폐지를 포함하여 여러 옵션을 고려하고 있습니다. Amcomri 경영진은 상황을 평가하고 있으며 회사의 상장 상태와 관련된 결정에 대한 업데이트를 제공할 것입니다.
Amcomri Entertainment Inc. (Cboe CA: AMEN) (FSE: 25Y0) (OTC Pink: AMNNF) a annoncé que la négociation de ses titres sur Cboe Canada a été suspendue à partir du 3 septembre 2024. Cette suspension fait suite à la vente récente par l'entreprise de ses actifs de distribution de production télévisuelle et de son activité de production et de distribution de films, entraînant l'arrêt des activités commerciales actives d'Amcomri.
Si la suspension n'est pas levée dans les 150 jours, les titres d'Amcomri seront automatiquement radiés de Cboe Canada. L'entreprise envisage ses options, y compris une éventuelle radiation volontaire, qui a été précédemment approuvée par les actionnaires le 28 août 2024. La direction d'Amcomri évalue la situation et fournira des mises à jour sur toute décision concernant le statut de cotation de l'entreprise.
Amcomri Entertainment Inc. (Cboe CA: AMEN) (FSE: 25Y0) (OTC Pink: AMNNF) hat angekündigt, dass der Handel mit seinen Wertpapieren an Cboe Canada am 3. September 2024 eingestellt wurde. Diese Aussetzung folgt auf den kürzlichen Verkauf der Fernsehsproduktions- und Verteilungsassets sowie des Filmproduktions- und -vertriebsgeschäfts, was dazu führt, dass Amcomri die aktive Geschäftsführung eingestellt hat.
Wenn die Aussetzung nicht innerhalb von 150 Tagen aufgehoben wird, werden die Wertpapiere von Amcomri automatisch von Cboe Canada delistet. Das Unternehmen prüft seine Optionen, einschließlich einer potenziellen freiwilligen Delistierung, die zuvor von den Aktionären am 28. August 2024 genehmigt wurde. Das Management von Amcomri bewertet die Situation und wird Updates zu Entscheidungen bezüglich des Listing-Status des Unternehmens bereitstellen.
- None.
- Trading of Amcomri's securities suspended on Cboe Canada
- Company has ceased to carry on an active business
- Risk of automatic delisting if suspension not lifted within 150 days
- Sale of core business assets (TV production distribution and film production/distribution)
Vancouver, British Columbia--(Newsfile Corp. - September 4, 2024) - Amcomri Entertainment Inc. (Cboe CA: AMEN) (FSE: 25Y0) (OTC Pink: AMNNF) ("Amcomri" or the "Company") announces that, further to the Company's news release of August 30, 2024, as a result of (a) completion of the previously announced sale of certain of the Company's assets utilized for the sale and distribution of television productions through television, streaming and other platforms, and (b) completion of the sale of the Company's film production and distribution business, the Company has ceased to carry on an active business and, accordingly, on September 3, 2024 (the "Suspension Date") the Company received notice from Cboe Canada Inc. ("Cboe Canada") that trading in the securities of the Company has been suspended pursuant to the rules of Cboe Canada.
Pursuant to the rules of Cboe Canada, if within 150 days of the Suspension Date the suspension has not been lifted, the securities of the Company will be automatically delisted without further notice.
The Company is continuing to consider all of its options at this time, including the delisting of the Common Shares from Cboe Canada (the "Delisting"), either by Cboe Canada or by the Company voluntarily. A voluntary Delisting was previously approved by shareholders of the Company ("Shareholders") at the Company's annual general and special meeting of Shareholders held on August 28, 2024.
Further details of the Company's expectations with respect to the potential Delisting can be found in the Company's management information circular dated July 28, 2024, a copy of which is available under the Company's SEDAR+ profile at www.sedarplus.com.
About Amcomri Entertainment Inc.
Amcomri Entertainment Inc. (Cboe CA: AMEN) (FSE: 25Y0) (OTC Pink: AMNNF) provides global distribution capabilities for independent movie, documentary and TV series producers as well as for its own in-house productions. With decades of experience across all key media platforms, Amcomri is rapidly becoming the go-to team for independent producers seeking the broadest possible audience for their productions. The Amcomri Entertainment Inc. group of companies includes 101 Films, 101 Films International, Hollywood Classics International, Amcomri Productions, Appreciated Media Global, Amcomri Productions and Abacus Media Rights.
For further information about Amcomri, see its disclosure documents on SEDAR+ at www.sedarplus.com or visit the company's website at https://amcomrientertainmentinc.com/.
For more information please contact:
Larry Howard
Amcomri, Chief Financial Officer
Email: larry.howard@amcomri.com
Phone: +353-87-686-8255
Forward-Looking Statements
This news release includes "forward-looking information" and "forward-looking statements" as such terms are defined under applicable Canadian securities legislation. Forward‐looking information and statements include disclosure regarding possible events, that are based on assumptions about future economic conditions and courses of action, and, in certain cases, can be identified by the use of words such as "potential", "propose", "aim", "depend", "seeks", "plans", "expects", "is expected", "intends", "anticipates", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "can", "could", "should", "shall", "would", "might" or "will", or the negative forms of any of these words and other similar expressions. Forward-looking statements in this news release include statements related to the consummation (if at all) and timing of the delisting of the Company's securities from Cboe Canada. There can be no assurance that the proposed return of capital, windup and dissolution of the Company and, if applicable, the Company's delisting from Cboe Canada will be completed at all or on the terms and conditions contemplated therein and in this news release. Forward‐looking information and statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward‐looking information and statements. Such factors include, but are not limited to, risks relating to the expenses incurred to complete the delisting from Cboe Canada (if completed), general business, economic, competitive, political and social uncertainties, uncertain and volatile equity and capital markets. Actual results and future events could differ materially from those anticipated in such forward looking information. Accordingly, readers should not place undue reliance on forward‐looking information. All forward-looking information in this news release is made as of the date hereof and qualified by these cautionary statements and those in our continuous disclosure filings available on SEDAR+ at www.sedarplus.com. The Company disclaims any intention or obligation to update or revise such forward‐looking information, whether as a result of new information, future events or otherwise, except as required by law.
Investors are cautioned that, trading in the securities of the Company should be considered highly speculative. For a more detailed discussion of such risks and uncertainties, please see the section entitled "Risk Factors" in the Company's annual information form dated June 2, 2024, and available under the Company's profile on SEDAR+ at http://www.sedarplus.com.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/222131
FAQ
Why was trading of Amcomri Entertainment (AMNNF) suspended on Cboe Canada?
What happens if Amcomri's (AMNNF) trading suspension is not lifted within 150 days?
Did Amcomri (AMNNF) shareholders approve a potential voluntary delisting?
What options is Amcomri Entertainment (AMNNF) considering regarding its listing status?
