Following previous announcements and with the agreement of the Securities & Exchange Commission, the CSE Council announced that it has imposed the following fines, according to its authority in line with article 59(4) of CSE legislation.
a) To the listed companies Telia Aqua Marine Ltd. and Marketrends Financial Services Ltd. fines of CYP 250 and CYP 2,000 respectively for breach of relevant regulations pertaining to the timely publication of information to the CSE.
b) To the listed companies Renos Hadjioannou Farms Ltd. and Lordos United Plastics Ltd. fines of CYP 250 each for breach of relevant regulations pertaining to the timely announcement of decisions or approval of decisions, at least one hour before commencement of the relevant trading session.
c) To the listed companies Renos Hadjioannou Farms Ltd. and Laiki Investments Ltd., fines of CYP 1,000 and CYP 250 respectively for breach of relevant regulations which pertain to the obligation of issuers towards the timely announcement of meetings for decisions concerning listed titles, at least 10 days before.
d) To the Member Harvest Securities Ltd., a fine of CYP 100 for breach of Regulation 32 of CSE regulations which provides that no changes are allowed to the share capital of brokerage companies without prior approval of the Council, which relates to ownership by an existing or new shareholder of more than 10% of the issued share capital or voting rights.
a) To the listed companies Telia Aqua Marine Ltd. and Marketrends Financial Services Ltd. fines of CYP 250 and CYP 2,000 respectively for breach of relevant regulations pertaining to the timely publication of information to the CSE.
b) To the listed companies Renos Hadjioannou Farms Ltd. and Lordos United Plastics Ltd. fines of CYP 250 each for breach of relevant regulations pertaining to the timely announcement of decisions or approval of decisions, at least one hour before commencement of the relevant trading session.
c) To the listed companies Renos Hadjioannou Farms Ltd. and Laiki Investments Ltd., fines of CYP 1,000 and CYP 250 respectively for breach of relevant regulations which pertain to the obligation of issuers towards the timely announcement of meetings for decisions concerning listed titles, at least 10 days before.
d) To the Member Harvest Securities Ltd., a fine of CYP 100 for breach of Regulation 32 of CSE regulations which provides that no changes are allowed to the share capital of brokerage companies without prior approval of the Council, which relates to ownership by an existing or new shareholder of more than 10% of the issued share capital or voting rights.
Tuesday, 26 March, 2002 - 11:38