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
-
EPL: Antoine Semenyo stars as Bournemouth defeat Manchester City
31 mins -
Watch CCTV footage of dramatic Adabraka daylight robbery
43 mins -
EPL: Liverpool come fron behind to beat Brighton
58 mins -
EPL: Jordan Ayew late goal salvages draw for Leicester against Ipswich
1 hour -
ESCO VOLTA holds meeting to strengthen cross-border cooperation in security, development
1 hour -
Kufuor Scholar champions Agricultural Innovation through Fidelity GreenTech Challenge
1 hour -
EPL: Isak scores at home again as Newcastle beat Arsenal
1 hour -
I’m proud that despite all the challenges, we have maintained Free SHS – Akufo Addo
5 hours -
Alan’s running mate, KOD says GRASP will revolutionize care for the Elderly in rural areas
5 hours -
Election 2024: Alan paints Accra yellow as the crowd marches through the capital with him
5 hours -
Vacant seats: Speaker has not done what would have led to greater peace – Kofi Bentil
5 hours -
Police on manhunt for Adabraka daylight robbers
5 hours -
Lordina Mahama presents medical supplies and equipment to Tishigu Health Center
5 hours -
Lordina Mahama urges Ghanaians to prioritise regular health screenings
5 hours -
EC to reassess decision on presidential ballot printing next week – Dr Bossman Asare
6 hours