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CSE: Transfer of titles of AD Shopping and Laser in Special Characteristics Market – Advantage Capital and Leda remain in Special Category

The CSE Council decided to transfer the titles of AD Shopping Galleries Plc and Laser Investment Group Plc from the Alternative Market to the Special Characteristics Market for the period of three months pursuant to the Provision 2.2.3 of KDP 326/2009 as this has been amended due to its incompliance with the constant obligations of the Market that they are listed in and especially the non timely listing of the issued non-listed share capital, violating Article 129 of the CSE Law.

It is noted that pursuant to the CSE policy, if the aforementioned companies fail to comply in the period of three months, the trading of their titles will be suspended for the period of three months. If they still don not comply at the expiry of the three-month period, the CSE will start the procedures for their delisting.

In addition, Advantage Capital Holdings Plc and Leda Investment Public Company Ltd, which are trading in the Special Category Market since April 29, 2010, have not complied fully with the Provisions of Article 129 of the Law and will continue trading in this Market for that reason.

Their trading in the Special Characteristics Market will commence on Friday, August 6, 2010.
Wednesday, 4 August, 2010 - 14:54