FEAS To Move The Federation’s Headquarter To Armenia

Plus Company Updates(PCU)
May 18, 2017 Thursday

FEAS To Move The Federation's Headquarter To Armenia

 New York

London: Mondo visione has issued the following news release:
During the Extraordinary General Assembly Meeting of the Federation of
Euro-Asian Stock Exchanges (FEAS) held on May 16, 2017 in Tehran, it
was decided to move the Federation's headquarter from Istanbul, Turkey
to Yerevan, Armenia.

With the majority of "for" and no "against" votes, the General Asembly
elected Armenia as the new host country for the FEAS's headquarter,
after 22 years of operation in Turkey, since the establishment of the
Federation in 1995.

"It is a historical and turning point for the Federation after three
years of struggle", said Mohammed Omran, the Chairperson of the
Federation and the Executive Chairman of the Egyptian Exchange.
"Having two young and ambitious exchanges; Cyprus Stock Exchange and
Iran Fare Burse as new board members replacing the withdrawal
exchanges (Bourse Istanbul and Sarajevo Stock Exchange) will defiantly
enhance the dynamism of the Federation", Omran added.

Moving the Federation's headquarter to Armenia NASDAQ OMX Armenia will
start to support the administration of the Federation. Governance of
the Secretariat has been entrusted to Mr. Konstantin Saroyan, CEO of
NASDAQ OMX Armenia, who was appointed as FEAS Secretary General. His
appointment was recommended by the Executive Board and approved by the
majority of General Assembly.

"We are starting a new era of FEAS operation, administering the
Federation from Armenia. Always being considered as cross-road of
eastern and western cultures, Armenia will link different economic and
political structures within FEAS, bringing success and growth to the
Federation", said Mr. Konstantin Saroyan, CEO, NASDAQ OMX Armenia.
To recall, Armenia, represented by “Yerevan Stock Exchange” (later
"Armenian Stock Exchange" and after "NASDAQ OMX Armenia") was among 12
founding members of the FEAS. Since November 2016 NASDAQ OMX Armenia
has also been acting as FEAS Executive Board Member.