With reference to the above subject, and in response to Boursa’s request to comment on the reason for the unusual trading in the company’s shares on 3/7/2022, we would like to inform you that the trade was made as a result of an error by a financial broker registered with the Boursa Kuwait. The financial broker is also one of the brokers through which Agility Public Warehousing Company trades with.
The financial broker mistakenly offered ten million of Agility Public Warehousing Company’s treasury shares for sale. According to the initial statement from the broker, the mistake was due to the broker’s use of a new automated trading system, which caused the unusual trading of the stock.
Financial impact: Reduction of treasury shares by 10 million shares however, Agility is working with the broker to explore the best ways to address the error that occurred.
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Kuwait-based Agility Logistics Parks customers can log-on to view contracts and make payments.
UK MOD personnel can log-in to the GRMS portal to schedule household relocation shipments.
Get real-time air & ocean freight quotes and access to a powerful dashboard.
Kuwait-based Agility Logistics Parks customers can log-on to view contracts and make payments.
UK MOD personnel can log-in to the GRMS portal to schedule household relocation shipments.
Agility Subsidiary, Agility Global, Begins Trading on Abu Dhabi Securities Exchange
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Get real-time air & ocean freight quotes and access to a powerful dashboard.
Kuwait-based Agility Logistics Parks customers can log-on to view contracts and make payments.
UK MOD personnel can log-in to the GRMS portal to schedule household relocation shipments.
Get real-time air & ocean freight quotes and access to a powerful dashboard.
Kuwait-based Agility Logistics Parks customers can log-on to view contracts and make payments.
UK MOD personnel can log-in to the GRMS portal to schedule household relocation shipments.
Agility’s comment on the unusual trading activity
With reference to the above subject, and in response to Boursa’s request to comment on the reason for the unusual trading in the company’s shares on 3/7/2022, we would like to inform you that the trade was made as a result of an error by a financial broker registered with the Boursa Kuwait. The financial broker is also one of the brokers through which Agility Public Warehousing Company trades with.
The financial broker mistakenly offered ten million of Agility Public Warehousing Company’s treasury shares for sale. According to the initial statement from the broker, the mistake was due to the broker’s use of a new automated trading system, which caused the unusual trading of the stock.
Financial impact: Reduction of treasury shares by 10 million shares however, Agility is working with the broker to explore the best ways to address the error that occurred.
Best Regards,
Investor Relations Team
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