Maryam Fekri, Chief Operations Officer (COO) and Head of Clearing, Settlement and Depository Division of DFM said: "As we constantly identify new opportunities for DFM investors, these new rules have been created to ensure that investors can efficiently diversify and create more value using their DFM listed securities
in a non-trade related manner.
The company will continue to monitor its market value of listed securities
during the 180-day compliance period and will consider, to the extent necessary, other options for regaining compliance with either the USD2.
Nasdaq, in accordance with Marketplace Rule 4310(c)(8)(C), had provided the company until April 16, 2007 to demonstrate that it had regained compliance by maintaining a market value of listed securities
of at least $35 million for a minimum of ten consecutive business days during the 30 day period.
Under the Nasdaq Global Market Continued Inclusion Requirements, the Company may maintain its listing qualification without complying with this requirement if it is in compliance with Nasdaq Marketplace Rule 4450(b)(1)(A) with respect to the market value of its listed securities
being at least $50,000,000.
b) Minimum market value of listed securities
of $35 million, or
NASDAQ: SIGA) disclosed today that on July 19, 2006 it received notice from the Nasdaq Stock Market ("NASDAQ") that for the last 10 consecutive trading days, SIGA's market value of listed securities has been below the $35,000,000 minimum required for continued inclusion on the Nasdaq Capital Market under Marketplace Rule 4310(c)(2)(B)(ii).
SIGA intends to monitor the market value of its listed securities between now and August 18, 2006, and consider available options if its common stock does not trade at a level likely to result in SIGA regaining compliance with the minimum market value requirement.
The joint venture ("Egalite") will provide users a comprehensive services offering that will facilitate trades in blue chip securities through the EuroECN platform and trades in unlisted and illiquid listed securities
through the UnifiedMarket D3 Network(TM), a new global Financial Information Exchange Network(TM).