Another 7 companies join CSE Central Register
08/03/2002
According to paragraphs (1) and (3) of Article 10 of CSE (Central Depository and Register) legislation of 1996 and 2001, the CSE Council decided that on the 15 April 2002 the titles of the following issuers be entered in the Central Register and Central Depository: Lordos United Plastics Ltd., Karkotis Manufacturing & Trading Ltd., Megabet Ltd., Cyprus Cement Co. Ltd., Christis Dairies Ltd., Logicom Ltd. and Spidernet Services Ltd., the registers of which will be taken up by the CSE as at the aforementioned date.

According to provisions of paragraphs (1) and (4) of article 10 of CSE (Central Depository and Central Register) legislation of 1996 to 2001, the CSE Council decided that as of 15 April 2002 the following regulations of CSE regulations 1995-2001 will not apply for submission, completion and clearing of transactions and for announcement of other transactions concerning titles of the listed issuers Lordos United Plastics Ltd., Karkotis Manufacturing & Trading Ltd., Megabet Ltd., Cyprus Cement Co. Ltd., Christis Dairies Ltd., Logicom Ltd. and Spidernet Services Ltd.:

Regulations 38,39,40,41,42,44,45,46 of CSE regulations of 1995 to 2001, as well as clearance regulations (KDP 306/99) issued according to article 22 of CSE legislation 1993 to 2001 (Regulations 1,2,3,4,5,6,7,8,9,10 and 11).

According to Regulation 6 of aforementioned regulations, the Council also decided to suspend trading of the aforementioned companies, for a period of fifteen working days, that is from the 25 March to 12 April 2002 (inclusive) in order to ease the whole process and ensure the smooth and orderly taking up of the registers and their transition to the new system. It is noted that during the suspension period, transactions will not be submitted carried out according to CSE regulations (e.g. gratuitous, between members of a family, following a court order, due to death etc.). Therefore, the last day of trading of the listed companies, as well as acceptance by the CSE of transactions according to article 23 of legislation with the existing system will be Friday 22 March 2002.

It is also noted that the remaining listed titles on the CSE beyond the 7 listed companies mentioned above and the 39 (Universal Savings Bank, CCC Holdings & Investments Ltd., Jumbo Trading Ltd., Actibond Growth Fund Ltd., Confine Investments Ltd., Dome Investments Ltd., K. Michaelides Constructions Ltd., Astra Self Drive Cars Ltd., GAP Vassilopoulos Ltd., Kronos Press Distribution Agency Ltd., PSD Investments Ltd., Andreas Coullapides Ltd., Karyes Investments Ltd., Modestou Sound & Vision Ltd., Harvest Capital Management Ltd., Perseas Investments Ltd., Finikas Investments Ltd., Knossos Investments Ltd., Cyprus Forest Industries Ltd. and Brainstorm Enterprises Ltd., Toxotis Investments Ltd., Blue Island Holdings Ltd., Chris Joannou Ltd., CCC Laundries Ltd., Cyventure Capital Ltd., G&K Exclusive Fashions Ltd., Transoccer Holdings Ltd., Nemesis Constructions Ltd., Dimco Electrical Supplies Ltd., CCC Tourist Enterprises Ltd., Telia Aqua Marine Ltd., Triena Investments Ltd. (Income, Capital and International shares), Interfund Investments Ltd., Laser Investments Ltd., Cosmos Insurance Ltd., Louis Cruise Lines Ltd. and Empire Capital Investments Ltd. ) already included or are to be included, the same trading system will apply as today.

The Council further announced that from the incorporation of the titles on the Central Register, existing certificates or confirmations for titles of the aforementioned issuers will be void and the ownership of titles by an investor will only be validated through its listing on the Central Register and not through any certificates issued or may be issued by an issuer. Further any pledging or encumbrances on titles will be entered on the Central Register and their validity proven only through this.

Trading of the titles on the new system is only carried out through Depository and Trading accounts opened by investors. This process is detailed in the Investors Manual for the Central Register which the CSE prepared and which can be obtained through the CSE or through its Members.