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SEC requested by CSE the suspension of trading of the titles of Karkotis and Pipis

The Cyprus Securities and Exchange Commission (the Commission ') would like to inform the investing public that, at a meeting held on October 13, 2014, it decided, acting under the authority provided by Article 127 (2) of the Investment Services and Activities and Regulated Markets Law of 2007-2012, to request by the CSE Council the suspension of trading of the securities of Karkotis Manufacturing & Trading Public Ltd and Pipis Farm Public Company Ltd (the 'Company').

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.

The Commission decided to request the suspension of trading of the securities of these companies on the CSE from October 21, 2014 until their compliance, no later than February 28, 2015.
Monday, 20 October, 2014 - 09:13