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Abu Dhabi Securities Exchange will delist Yahsat shares as of September 30, and transfer all its assets and liabilities to Bayanat, whose trading symbol will be changed to (space42) As of October 1st, the date of completion of the merger between the two companies..
In detail, Bayanat announced that Yahsat shares will be cancelled on the Abu Dhabi Securities Market as of the close of trading on Monday, September 30..
The company added that all of Yahsat’s assets and liabilities will be transferred to Bayanat in exchange for newly issued Bayanat shares that will be allocated to Yahsat shareholders as part of the merger, under the new brand name “Space 42”.».
