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OUSTER, INC.

(OUST)
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Delayed Nyse  -  04:00 2022-11-29 pm EST
1.230 USD   +2.50%
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Pakistan court drops contempt of court case against ex-PM Khan

10/03/2022 | 07:07am EST
FILE PHOTO: Pakistan's Imran Khan speaks during an interview with Reuters in Islamabad,

ISLAMABAD (Reuters) - A Pakistani court on Monday accepted an apology tendered by former prime minister Imran Khan and dropped a contempt of court case against him, his defence lawyer said, a ruling that ease the threat to him of disqualification from politics.

The Islamabad High Court had deferred Khan's indictment over the contempt case after he apologised to the court in person late last month.

A convicted politician is liable to be disqualified from contesting elections and holding a public office for at least five years under Pakistani law.

"Imran Khan extended his apology in honour and respect for the judiciary, and the court today reciprocated by discharging the case against him," defence lawyer Faisal Chaudhry told Reuters.

The charges were related to a speech by Khan in which he was accused of threatening police and judicial officers after one of his close aides was denied bail in a sedition case.

Khan and his legal team subsequently maintained that his remarks did not amount to a threat.

The cricket star-turned-politician has faced a spate of legal woes since his ouster in a confidence vote in April by a united opposition led by his successor, Prime Minister Shehbaz Sharif.

Khan has been leading rallies since his dismissal demanding snap elections, which the ruling coalition has rejected, saying voting will be held as scheduled later next year.

(Reporting by Asif Shahzad; Editing by Mark Heinrich)

By Asif Shahzad


ę Reuters 2022
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Financials (USD)
Sales 2022 46,1 M - -
Net income 2022 -133 M - -
Net Debt 2022 - - -
P/E ratio 2022 -1,57x
Yield 2022 -
Capitalization 221 M 221 M -
Capi. / Sales 2022 4,80x
Capi. / Sales 2023 2,15x
Nbr of Employees 290
Free-Float 67,0%
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Number of Analysts 7
Last Close Price 1,20 $
Average target price 4,29 $
Spread / Average Target 257%
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Managers and Directors
Angus Pacala Chief Executive Officer & Director
Anna Brunelle Chief Financial Officer
Susan Heystee Chairman
Mark Frichtl Chief Technology Officer
Darien Spencer Executive Vice President-Global Operations
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