TORONTO, March 5, 2020 /CNW/ -- SAIS Limited (the
"Company") (TSXV: SAIS) announced today that it has received
final approval from the TSX Venture Exchange (the "TSXV") to
voluntarily delist its ordinary shares (the "Ordinary
Shares") from the TSXV. Written consent for the delisting has
been obtained by the Company from a majority of the holders of
Ordinary Shares, other than Promoters, directors, officers and
other Insiders of the Company and their Associates and Affiliates
(as such terms are defined in TSXV policies). It is expected that
the delisting will be effective at the close of trading on
March 16, 2020. The TSXV has issued a
bulletin to this effect on March 5,
2020.
The Company intends to apply to the applicable Canadian
securities regulatory authorities to cease to be a reporting issuer
in each Canadian jurisdiction in which it is a reporting
issuer.
About SAIS Limited
Singapore-based SAIS Limited
(TSXV: SAIS) is a global provider of advanced technology solutions,
business intelligence and supporting services. We connect
businesses with their customers through end-to-end intelligent
solutions. A leader in the development of mobile commerce
platforms, we are focused to create technology aimed at providing
unique digital experiences to foster ground-breaking
client-customer relationships. To learn more about our group, visit
our website: sais-group.com
Cautionary Notes
Certain statements contained in this press release constitute
"forward-looking statements". All statements other than statements
of historical fact contained in this press release, including,
without limitation, those regarding the completion of the delisting
of the Ordinary Shares, the application to cease to be a reporting
issuer, the Company's future financial position and results of
operations, strategy, plans, objectives, goals and targets, and any
statements preceded by, followed by or that include the words
"believe", "expect", "aim", "intend", "plan", "continue", "will",
"may", "would", "anticipate", "estimate", "forecast", "predict",
"project", "seek", "should" or similar expressions or the negative
thereof, are forward-looking statements. These statements are not
historical facts but instead represent only the Company's
expectations, estimates and projections regarding future events.
These statements are not guarantees of future performance and
involve assumptions, risks and uncertainties that are difficult to
predict. Therefore, actual results may differ materially from what
is expressed, implied or forecasted in such forward-looking
statements.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE SAIS Limited
