TCI present board of directors reinstated if shareholders decide

“On the basis of the trade law, new TCI general meeting cannot be held until its block share owners pay 20% of TCI’s initial sale amount,” Davood Zareian told Mobna news agency.
“The new owners of TCI shares will not be formal TCI owners until they have paid the 20% sum,” he said.
“The date of new TCI general meeting will be decided by its new owners,” he added.
“TCI extraordinary general meeting to appoint its board of directors will be held 10 days after depositing the 20% sum,” TCI managing director Saber Feizi announced.
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