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CSE: Suspension of trading of titles of Karkotis and Pipis Farm continues

The Cyprus Stock Exchange, following its previous announcement dated August 13, 2014 and after a SEC announcement dated 17/10/2014, announces the continuation of suspension of trading of the securities of Karkotis Manufacturing & Trading Public Ltd and Pipis Farm Public Company Limited.

The Securities and Exchange Commission, based on the power conferred by the Article 127 (2) of the Investment Services and Activities and Regulated Markets Law of 2007 to 2012, decided to request by the CSE Council to suspend the trading of the securities of the companies in the CSE from October 21, 2014 and until their compliance no later than February 28, 2015.

As stated in the announcement of the SEC, the Commission came to this decision because these companies have not complied with the obligation to publish their Indicative Results for the year ended December 31, 2013, their Annual Financial Report for the year ended December 31, 2013 and their Six-Month Financial Report for the period ended June 30, 2014. As a result, investors are not provided with the necessary information on the financial condition of the issuers.
Monday, 20 October, 2014 - 15:29