CSE suspends trading of six companies for not submitting an annual report

09:07 - 17 August 2023

Companies

The Cyprus Stock Exchange, following a previous statement dated 11 May 2023, has announced the suspension of trading of the securities of six companies listed on the Regulated Market.

According to the announcement, the suspension was decided based on article 183 of the Securities and Cyprus Stock Exchange Laws of the CSE, due to non-submission and publication of the companies' Annual Financial Report for the year ending 12/31/2022.
These companies, according to the CSE announcement, are:

A. Tsokkos Hotels Public Ltd
Toxotis Public Investments Ltd
Dome Investments Public Company Ltd
Power Investment Public Ltd
Karyes Investment Public Company Ltd
Regallia Holdings & Investments Public Ltd.

The trading suspension of the above companies will be effective from Thursday, 17 August, 2023, the CSE said.

This decision was taken, in the framework of the implementation of the Policy Decision of the Stock Exchange Board, according to which if a listed company (issuing company) does not comply within three months from the date of transfer of its securities to the Surveillance Market (Regulated Market), as a result of the non-submission and publication of its financial results, then the Stock Exchange will proceed with a suspension of trading of the company's securities (CSE circular 01-2018, 02-2018, dated 1/23/2018). It is noted that the suspension of trading will last for 2 months (ie until 17 October 2023) or sooner if the companies comply with the above pending financial information, the announcement added.

(Source: InBusinessNews)

CSE suspends trading of six companies for not submitting an annual report

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