CSE announces the suspension of trading of shares of nine companies

The suspension of the trading of the shares of nine companies has been decided on and announced by the Cyprus Stock Exchange (CSE), after they failed to submit and make public their Annual Financial Reports on time.

More specifically, the CSE, following a previous announcement dated 16 May, announced the suspension of trading of the shares of the following companies (listed on the Emerging Companies Market), based on article 183 of the Securities and Cyprus Stock Exchange Laws of the CSE, due non-submission and publication on their part of their Annual Financial Report for the year ended 12/31/2023.

These companies are:

-Mr. Pengu Public Company Ltd,

-Rianeson Investments Plc,

-GAP Vassilopoulos Public Ltd,

- Meditrina Cyprus Plc,

-The Reputation Exchange Plc

The trading suspension will be effective from Thursday, 22 August, 2024.

As explained, this decision was taken, in the framework of the implementation of the Policy Decision of the Stock Exchange Board according to which if a listed company (issuing company), does not comply within 3 months from the presentation marked (S) on the trading tables and price bulletins (N.E.A. Agora), as a result of the non-submission and publication of its financial results, then the Stock Exchange will proceed with the suspension of trading of the company's securities (CSE circular 01-2018, 02-2018, dated 1/23 /2018).

It is noted that the suspension of trading will last for two months (ie until October 22, 2024) or sooner if the companies comply with the above pending financial information.

Another four

At the same time, the CSE, following a previous announcement dated 16 May, 2024, also announced the suspension of trading of the shares of the following companies (listed on the Regulated Market), based on article 183 of the Securities and Cyprus Stock Exchange Laws of the CSE, due non-submission and publication on their part of their Annual Financial Report for the year ended 12/31/2023.

These companies are:

-A. Tsokkos Hotels Public Ltd

-Dome Investments Public Company Ltd

-Unifast Finance & Investments Public Company Ltd

- Karyes Investments Public Company Ltd

The trading suspension of the above companies will be effective from Wednesday, 21 August, 2024.

This decision was taken, in the framework of the implementation of the Policy Decision of the Stock Exchange Board, according to which if a listed company (issuing company) does not comply within 3 months from the date of transfer of its securities to the Surveillance Market (Regulated Market), as a result of the non-submission and publication of its financial results, then the Stock Exchange will proceed with a suspension of trading of the company's shares (CSE circular 01-2018, 02-2018, dated 1/23/2018).

It is noted that the trading suspension will last for two months (ie until October 21, 2024) or sooner if the companies comply with the above pending financial information.

(Source: InBusinessNews, CSE)