20/10/2014 10:16
The Cyprus Securities and Exchange Commission requested the suspension of trading of the titles of Karkotis and Pipis Farm, as the two companies have not yet published their financial statements for 2013 and the six-month results of 2014.
According to an announcement, the Cyprus Securities and Exchange Commission decided 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 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.
According to an announcement, the Cyprus Securities and Exchange Commission decided 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 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.
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