You are here

CSE: Suspension of trading of the titles of Karaolis and Transbeton

Further to a previous announcement dated 7 May 2015 in relation to the obligation of listed issuers to submit and publish the Annual Financial Report for the year ended 31 December 2014, the Cyprus Stock Exchange announces the suspension of trading of the titles of Karaolis Group Public Ltd and L.P. Transbeton Public Ltd pursuant to Article 183 of the CSE Law. The suspension of trading will initially be valid for ten (10) working days as of Wednesday, 12 August 2015 and it is clarified that, upon validation of the said decision by the CSE Council, the duration of suspension will be extended up to 12 October 2015 (a total of two months).

This decision was taken upon application of the CSE Council's Policy Decision according to which if an Issuer does not comply within 3 months from the date of transfer of its titles to the Surveillance Market, as a result of the non-submission and publication of its financial results, then the Stock Exchange will proceed with suspending the trading of the issuing company's titles (CSE Circular 3-2015 dated 13/7/2015 entitles «CSE Policy on the suspension and writing-off of securities on the Cyprus Stock Exchange Markets»).

It is reminded that the remaining companies of the Regulated Market, which have not submitted their results for the year ended 31/12/2014 as well as other financial results for previous years, have already been tranferred to the Surveillance Market and the trading of their titles has already been suspended. These companies are: Firstdelos Group Plc, Ceilfloor Public Company Ltd, Finikas Ammochostou Plc, Cyprint Plc, Empire Capital Investments Public Ltd, Laser Investment Group Plc, O.C. Options Choice Plc, SAFS Holdings Public Ltd, Stario Portfolio Investments, K. Athienitis Contractors Developers Public Ltd, Charilaos Apostolides Public Ltd, Phil. Andreou Public Ltd and Karkotis Manufacturing & Trading Public Ltd.
Monday, 10 August, 2015 - 11:23