The CSE Council has requested the approval of the Cyprus Securities and Exchange Commission, pursuant to its legislation, for a delisting of the titles of Pipis Bros Farm Public Company Ltd and Karkotis Manufacturing & Trading Public Ltd. The CSE Council has taken this decision in accordance with the powers of Article 178 (1) of the Stock Exchange Law, since there are no longer requirements for the smooth operation of the stock market on the titles of these companies and their significant ongoing obligations are not met, putting the interests of the investors at risk.
Specifically, it is noted that the decision of the CSE Council for the delisting of the titles of the above companies has been taken since they have not met their obligation for the submission and publication of:
(a) the indicative results for the year ended 31/12/2013,
(b) the Annual Financial Report for the year ended 31/12/2013,
(c) the Interim Financial Report for the period ended 30/06/2014.
in violation of the Securities and Stock Exchange Law and the KDP 326/2009 (as amended).
Until SEC’s reply is secured, the titles of these companies will continue to be under suspension of trading.
Specifically, it is noted that the decision of the CSE Council for the delisting of the titles of the above companies has been taken since they have not met their obligation for the submission and publication of:
(a) the indicative results for the year ended 31/12/2013,
(b) the Annual Financial Report for the year ended 31/12/2013,
(c) the Interim Financial Report for the period ended 30/06/2014.
in violation of the Securities and Stock Exchange Law and the KDP 326/2009 (as amended).
Until SEC’s reply is secured, the titles of these companies will continue to be under suspension of trading.
Friday, 9 January, 2015 - 14:55