Zad Holding: Disclosure of a Lawsuit
May 14, 2018
Zad Holding Company announced that, with
reference to previous disclosures by the Company regarding the
listing of shares issued from the procurement of
MEDA Projects Company under the
acquisition, which was approved by the extraordinary general
assembly of the company and related parties on 13 June 2011.
We would like to draw the attention of
shareholders to the fact that the Court of Appeal’s session held
on 24 April 2018 has dismissed the appeal filed by the company
by rejecting and supporting the ruling of the first degree,
noting that the company did not receive a copy of the ruling and
its reasons to date.
The company will challenge the appeal
sentence through the court of cassation within the time limit
granted to it by law, while continuing to disclose the
developments.
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