The Ghana Stock Exchange (GSE) has, with immediate effect, lifted the suspension of listing imposed on PBC Limited (PBC).
On August 13, 2019, the GSE, announced the suspension of listing status of PBC. This was to begin from Thursday, August 15, 2019.
The GSE attributed the suspension to the failure of the company to publish its financial results since the end of its financial year September 2018
"PBC has since rectified all the anomalies that led to its suspension", the GSE said in a statement.
Accordingly, the Exchange has lifted the suspension of listing with immediate effect.
GSE Listing Rules
Part VI of the GSE Listing Rules outlines that a listed company shall comply with the continuing listing obligations and disclosure policy outlined in the Rules.
The prescribed sanctions for failing to abide by that regulation are specified in Rules 13(4)(c) and 13(4)(e) of the Listing Rules.
They empower the GSE to “suspend listing or compulsorily de-list securities where the company has failed to comply, or is unable, or unwilling to comply for any reason whatsoever with the Exchange’s requirements on continuing listing obligations and also where the company has failed to comply with its Listing Agreement, or other agreements with the Exchange, or has failed to comply with the Exchange’s Rules and disclosure policy as set out in Parts VI and VII of the Rules.”
Latest Stories
-
NDC administration will reverse all ‘last-minute’ gov’t employee promotions – Asiedu Nketiah
8 minutes -
Kudus sights ‘authority and kingship’ for elephant stool celebration
9 minutes -
We’ll embrace cutting-edge technologies to address emerging healthcare needs – Prof. Antwi-Kusi
42 minutes -
Nana Aba Anamoah, Cwesi Oteng to attend Philip Nai and Friends’ charity event
47 minutes -
Environmental protection officers receive training on how to tackle climate change
50 minutes -
CLOGSAG vows to resist partisan appointments in Civil, Local Government Service
2 hours -
Peasant Farmers Association welcomes Mahama’s move to rename Agric Ministry
2 hours -
NDC grateful to chiefs, people of Bono Region -Asiedu Nketia
2 hours -
Ban on smoking in public: FDA engages food service establishments on compliance
2 hours -
Mahama’s administration to consider opening Ghana’s Mission in Budapest
2 hours -
GEPA commits to building robust systems that empower MSMEs
2 hours -
Twifo Atti-Morkwa poultry farmers in distress due to high cost of feed
2 hours -
Central Region PURC assures residents of constant water, power supply during yuletide
2 hours -
Election victory not licence to misbehave – Police to youth
2 hours -
GPL 2024/2025: Nations thrash struggling Legon Cities
2 hours