Nasdaq grants Brooge Energy its required extension of time to file its financials

As disclosed by Brooge Energy Limited (the "Company"), the Company previously received a letter from the Listing Qualifications Department (the "Staff') of The Nasdaq Stock Market LLC ("Nasdaq") granting the Company an extension to file its Annual Report on Form 20-F for the fiscal year ended December 31, 2021 (the "2021 Form 20-F") with the SEC and thereby evidence compliance with Nasdaq's filing requirement, as set forth in Nasdaq Listing Rule 5250(c)(1) (the "Rule"), through October 28, 2022.

The Company was unable to file the 2021 Form 20-F with the SEC by October 28, 2022, and, as a result, on October 31, 2022, the Staff notified the Company that the Company's securities were subject to delisting unless the Company timely requested a hearing before the Nasdaq Hearings Panel (the "Panel").

The Company requested a hearing before the Panel as well as a further stay of any suspension action by Nasdaq. A hearing on the matter was held on December 8, 2022.

On January 4, 2023, the Company received a letter from the Panel granting the Company's request to continue its listing on Nasdaq, subject to the Company evidencing compliance with the Rule by April 26, 2023. The Company is working diligently to meet the new extended timeline.

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Brooge Energy Ltd. published this content on 05 January 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 January 2023 22:08:05 UTC.