Further to the announcement of the Cyprus Stock Exchange dated June 6, 2013 regarding the transfer of a number of issuers to the Special Category Market based on the Annual Financial Reports of the Listed Issuers for the year ended December 31, 2012 and the Independent Auditors' Report for the same year, the CSE Council decided the following:
A. Taking into account the positions submitted by the affected listed issuers (and by independent auditors) and applying the policy decision announced to issuers on November 9, 2012 Circular No. 15/2012, and paragraph 2.2.3 (c) of the Regulatory Decision KDP 326/2009 (as amended), the CSE Council decided to transfer the titles of the following issuers to the Special Category Market. In particular, the following issuers are transferred to the Special Category Market because the Auditors' Report on Financial Statements presents focus issue, drawing attention to factors indicating the existence of an uncertainty which may reveal significant doubt as to the ability of hthe / Company / Group's ability to continue as a going concern.
The listed issuers are:
Laiki Capital Public Co Ltd
Primetel Plc*
Exelixis Investment Public Ltd
CPI Holdings Public Ltd
A.L. Prochoice Group Public Ltd
Philoktimatiki Public Ltd
Unigrowth Investments Public Ltd
It is noted that listed issuers LP Transbeton Public Ltd, D & M Telemarketing Public Ltd and Phil. Andreou Public Ltd also fall under the aforementioned category and will remain in the Special Category Market, and so will listed issuer Pipis Farm Public Company Ltd, which is issued and published its Annual Financial Report for the year 2012 on June 7, 2013.
CLR Investment Fund Public Ltd is also transferred to the Special Category Market due to issues raised in the Independent Auditors' Report of the Company for 2012.
* The bond of Primetel Plc 2009/2014 will be presented with an EK marking in the Daily Price Bulletin of the CSE - Special Trading Category.
The above decision is effective from Wednesday, June 19, 2013.
B. The CSE Council, assessing the positions submitted by the listed issuers as well as the independent auditors, decided not to transfer them to the Special Category Market because of their clearly explanatory letters that were sent after the initial decision of the CSE Council by the independent auditors to the CSE. In the clarifying letters of the Independent Auditors, there is an explicit reference that the "Focus Issue" does not pose any issue for the inability of the issuer to continue as a going concern, nor the existence of any significant uncertainty as to the viability of the issuers.
the listed issuers are:
Louis Plc
Cyprus Forest Industries Public Company Ltd
SFS Group Public Company Ltd
Triaina Investments Public Company Ltd
C.C.C. Tourist Enterprises Public Company Ltd
The Cyprus Stock Exchange is responsible for ensuring the required information by laws relating to the financial statements / reports of listed issuers, so there is adequate information to investors. The CSE reminds investors before making any investment decision to examine and evaluate all information concerning a listed issuer, including their financial statements.
A. Taking into account the positions submitted by the affected listed issuers (and by independent auditors) and applying the policy decision announced to issuers on November 9, 2012 Circular No. 15/2012, and paragraph 2.2.3 (c) of the Regulatory Decision KDP 326/2009 (as amended), the CSE Council decided to transfer the titles of the following issuers to the Special Category Market. In particular, the following issuers are transferred to the Special Category Market because the Auditors' Report on Financial Statements presents focus issue, drawing attention to factors indicating the existence of an uncertainty which may reveal significant doubt as to the ability of hthe / Company / Group's ability to continue as a going concern.
The listed issuers are:
Laiki Capital Public Co Ltd
Primetel Plc*
Exelixis Investment Public Ltd
CPI Holdings Public Ltd
A.L. Prochoice Group Public Ltd
Philoktimatiki Public Ltd
Unigrowth Investments Public Ltd
It is noted that listed issuers LP Transbeton Public Ltd, D & M Telemarketing Public Ltd and Phil. Andreou Public Ltd also fall under the aforementioned category and will remain in the Special Category Market, and so will listed issuer Pipis Farm Public Company Ltd, which is issued and published its Annual Financial Report for the year 2012 on June 7, 2013.
CLR Investment Fund Public Ltd is also transferred to the Special Category Market due to issues raised in the Independent Auditors' Report of the Company for 2012.
* The bond of Primetel Plc 2009/2014 will be presented with an EK marking in the Daily Price Bulletin of the CSE - Special Trading Category.
The above decision is effective from Wednesday, June 19, 2013.
B. The CSE Council, assessing the positions submitted by the listed issuers as well as the independent auditors, decided not to transfer them to the Special Category Market because of their clearly explanatory letters that were sent after the initial decision of the CSE Council by the independent auditors to the CSE. In the clarifying letters of the Independent Auditors, there is an explicit reference that the "Focus Issue" does not pose any issue for the inability of the issuer to continue as a going concern, nor the existence of any significant uncertainty as to the viability of the issuers.
the listed issuers are:
Louis Plc
Cyprus Forest Industries Public Company Ltd
SFS Group Public Company Ltd
Triaina Investments Public Company Ltd
C.C.C. Tourist Enterprises Public Company Ltd
The Cyprus Stock Exchange is responsible for ensuring the required information by laws relating to the financial statements / reports of listed issuers, so there is adequate information to investors. The CSE reminds investors before making any investment decision to examine and evaluate all information concerning a listed issuer, including their financial statements.