The CSE Council decided pursuant to Article 178(1) of the CSE Law to delist the movable securities of LEDA INVESTMENT PUBLIC COMPANY LTD from the CSE since there are no longer requirements for the proper operation of the stock market on the Company’s titles since the Company has violated the obligations stemming from the Law and the Regulatory provisions (as amended). Those violations concern the non issue and submission of significant information in relation to the Company. Therefore, the Company does not hold the necessary guarantees for the protection of the investors, pursuant to Paragraph 3.1.1 of the CSE Regulatory Decision (KDP 326/2009).
Specifically the Company:
- Failed to issue and submit the annual results for the year ended December 31, 2009, violating Article 140(1a) of the CSE Law.
- Failed to submit the six-month results for the period ended June 30, 2010, violating Article 142 of the CSE Laws.
- It has not achieved the listing of 2,050,320 shares of the same category, violating Article 129 of the CSE Law.
- It fails to meet the deadlines that the CSE sets and announces to the Company via letters.
- It has not informed the CSE on the basis of the circular 08-2010 whether the Company employs a person that is well aware of the CSE Law and the regulatory decisions of the Council and the SEC as Compliance Officer for stock market issues, the name of whom is announced to the CSE (Special Constant Obligations, Paragraph 5.3.1.1 of KDP 326/2009 as amended).
It is clarified that the CSE Council has asked for the Sec’s agreement, which is required for the delisting of the titles.
It is noted that the Company will continue trading in the Special Category Market until it secures SEC’s agreement.
Specifically the Company:
- Failed to issue and submit the annual results for the year ended December 31, 2009, violating Article 140(1a) of the CSE Law.
- Failed to submit the six-month results for the period ended June 30, 2010, violating Article 142 of the CSE Laws.
- It has not achieved the listing of 2,050,320 shares of the same category, violating Article 129 of the CSE Law.
- It fails to meet the deadlines that the CSE sets and announces to the Company via letters.
- It has not informed the CSE on the basis of the circular 08-2010 whether the Company employs a person that is well aware of the CSE Law and the regulatory decisions of the Council and the SEC as Compliance Officer for stock market issues, the name of whom is announced to the CSE (Special Constant Obligations, Paragraph 5.3.1.1 of KDP 326/2009 as amended).
It is clarified that the CSE Council has asked for the Sec’s agreement, which is required for the delisting of the titles.
It is noted that the Company will continue trading in the Special Category Market until it secures SEC’s agreement.
Friday, 3 September, 2010 - 13:31