PTNR - Partner Communications announces delisting from Nasdaq

• Partner Communications ( NASDAQ: PTNR ) said its board has decided to voluntarily delist its American Depositary Shares from the NASDAQ.
• The company believes that delisting its ADS's from the  NASDAQ will allow management to focus on its business development, while reducing the costs and challenges to the company of maintaining a listing in the United States, where the company's operations are not focused.
• The Company expects the delisting of its ADSs from trade on NASDAQ will be no earlier than February 15, 2023.
• The termination of the company's registration and reporting obligations is expected to become effective no later than 90 days after such filing if there are no objections from the SEC.
• The company's common stock will continue to trade on the Tel Aviv Stock Exchange, which will become Partner's only official stock exchange listing.
• Shares have dropped 8.47% after-hours on Thursday.

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