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CSE: Continuation of suspension of trading of KARK, PIPF, TLM, PHIL, ELMA, DOD and ARI

The Cyprus Stock Exchange, further to previous announcements and following the decision of the Cyprus Securities and Exchange Commission, announces the continuation of the suspension of trading of the titles of Karkotis Manufacturing & Trading Public Ltd, Pipis Bros Farm Public Company Ltd, D & M Telemarketing Public Ltd, Phil. Andreou Public Ltd, Elma Holdings Public Company Ltd, Dodoni Portfolio Investments Public Company Ltd and Jupiter Portfolio Investments Public Company Ltd.

The Cyprus Securities and Exchange Commission, based on the power conferred by Article 127 (2) of the Investment Services and Activities and Regulated Markets Laws, decided to request by the CSE Council the suspension of trading of the titles of the companies in the CSE from March 1, 2015, until their compliance and no later than May 31, 2015.

The Commission came to this decision since these companies have not complied with their obligation to disclose their Annual Financial Report for the year ended December 31, 2013 as well as their Interim Financial Report for the period ended June 30, 2014, and, therefore, investors were not provided with the necessary information on their financial condition. Moreover, Karkotis Manufacturing & Trading Public Ltd and Pipis Bros Farm Public Company Ltd have not complied with their obligation to disclose the indicative results for the year ended December 31, 2013.
Thursday, 26 February, 2015 - 12:35