DAARCOMM Notifies Of The Suspension Of Its Operating License By NBC

Monday, June 10, 2019 09:30AM / NSE

The Board and Management of DAAR Communications Plc wish to thank the general public for their solidarity in the recent event concerning the suspension of our operational license by the National Broadcasting Commission (NBC).

As a law abiding organization, we have applied to the court for relief and have obtained an Ex Parte Order of Interim Injunction of the court for Maintenance of Status Quo Ante Bellum as at 30th May, 2019, pending the hearing and final determination of the motion on Notice filed along with the application.

In furtherance to the said court order, we reopened our operations on Friday 7th June 2019.

We will continue to engage the National Broadcasting Commission, the Government and the Public on this issue.

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Graph 1: DAAR Communications Plc – One Year Share Price Movement

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