Syncora Holdings Ltd. (fka SYCRF)

[Enterprising Investor]

SHL Holdings Ltd. Addresses Recent Stock Trading and Price Activity (10/08/21)

HAMILTON, Bermuda, Oct. 08, 2021 (GLOBE NEWSWIRE) -- SHL Holdings Ltd. (“SHL” or the “Company”) today addressed recent inquiries from shareholders regarding its stock price movement and trading activity.

On September 28, 2021, an amendment to Rule 15c2-11 under the Securities Exchange Act of 1934, as amended, became effective. The amendment requires companies listed on the OTC Pink Market to provide current public financial information, which includes certain financial statements, in order to be quoted. As part of SHL’s approved Plan of Liquidation, the Company prepares a Statement of Net Assets and Changes in Net Assets on a liquidation basis, in accordance with U.S. Generally Accepted Accounting Principles (“U.S. GAAP”). These liquidation basis financial statements do not meet the requirements of the amended Rule 15c2-11 and OTC guidelines to maintain the Company’s current status on the OTC Pink Market. As a result, trading of SHL’s shares have been moved to the OTC Expert Market and no public stock quotes are being provided.

The Company will continue to prepare its financial statements in accordance with US GAAP and post on a quarterly basis to its website www.shlholdings.com under the Investor Relations tab.

https://www.globenewswire.com/news-release/2021/10/08/2311421/0/en/SHL-Holdings-Ltd-Addresses-Recent-Stock-Trading-and-Price-Activity.html