The Ghana Stock Exchange (GSE) will suspend the listing status of PBC Limited (PBC) with effect from the end of trading on Wednesday, November 8, 2023.
This is in accordance with Rule 13(1) of the Exchange’s Listing Rules.
In a circular to the Licensed Dealing Members, Investors, amongst others, the GSE said PBC has failed to submit its financial results since the end of its financial year September 2022.
This is contrary to the timely disclosure of information to the market and the listing agreement as per Rule 13(4) (c) and (e) of the Exchange’s Listing Rules, after repeated reminders.
Rules 13(4)(c)(f) of the Listing Rules empowers 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 with the Exchange’s requirements on continuing listing obligations and disclosure policy; whiles 13(4)(e) also recommends similar action 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.
The statement concluded that GSE will thus suspend the listing status of PBC from November 8, 2023, accordingly.
Latest Stories
-
Does the Police law empower police to run a broadcasting service?
37 mins -
GFA dissolves Black Stars Management Committee after AFCON qualification disappointment
38 mins -
The Thomas Partey Tournament: Empowering Ghana’s Youth through football
1 hour -
Nana Akomea calls for public inquiry into ‘expired rice’ saga
2 hours -
Maintain Otto Addo despite AFCON 2025 no-show – Nana Akomea advises GFA
2 hours -
GFA issues apology to Ghanaians for Black Stars failure to qualify for AFCON 2025
2 hours -
Nautyca releases new single ‘Nalani’
2 hours -
Ablakwa slams Chief of Staff for ‘whitewashing’ ‘expired rice’ for SHS scandal
2 hours -
Regulators of financial institutions urged to develop policy framework for climate financing
3 hours -
Akufo-Addo: New BoG HQ to enhance reform capacity and investment climate
3 hours -
DRIP initiative improves over 80km of roads in Greater Accra, says RCC
3 hours -
Akufo-Addo to commission over 80 educational projects today
3 hours -
Police to set up Election Task Force Briefing Centre for 2024 polls
3 hours -
AFCON 2025: GFA to apologise to Ghanaians for Black Stars failure
3 hours -
Justice Yonny Kulendi urges Accra Business School graduates to lead with integrity
3 hours