The Cyprus Stock Exchange announces that as of today 2/4/2013 all the securities of listed companies will be traded on the Stock Exchange except from the following:
Due to a decision taken by the Central Bank of Cyprus in the framework of its power as a Resolution Authority for the appointment of Special Administrators who will carry out the reorganization procedures of the Banks (Bank of Cyprus Public Company Ltd and Cyprus Popular Bank Public Co Ltd) and relevant Decrees issued, the CSE announces the suspension of trading of the securities of Bank of Cyprus Public Company Ltd and Cyprus Popular Bank Public Co Ltd as of today Tuesday, April 2nd, 2013 for a period of 10 working days, i.e. until 15 April 2013 (inclusive).
The decision to suspend trading was taken by the Chairman of the Council and the Director General - CEO of the Cyprus Stock Exchange pursuant to Article 183 of the Securities and Stock Exchange Law, for purposes of ensuring the proper functioning of the market and the protection of investors and was ratified in accordance with Article 184 of the Law and refers to the securities listed below:
- Bank of Cyprus Public Company Ltd (BOCY)
- Bank of Cyprus Public Company Ltd - Convertible Bonds 2013/2018 (BCCB)
- Bank of Cyprus Public Company Ltd - Convertible Capital Securities (BCCCB)
- Bank of Cyprus Public Company Ltd - Convertible Enhanced Capital Securities (BCCOD)
- Bank of Cyprus Public Company Ltd - Convertible Enhanced Capital Securities (BCOCO)
- Cyprus Popular Bank Public Co Ltd (CPB)
- Cyprus Popular Bank Public Co Ltd - Capital Securities (CPBCB)
- Cyprus Popular Bank Public Co Ltd - Non-Cumulative Capital Securities 2010 (CPBCC)
- Cyprus Popular Bank Public Co Ltd - Capital Securities (CPBCS)
- Cyprus Popular Bank Public Co Ltd - Guaranteed Bonds (CPBG)
- Cyprus Popular Bank Public Co Ltd - Guaranteed Bonds (CPBG2)
Additionally by decision of the Chairman of the Council and the Director General- CEO of the Cyprus Stock Exchange pursuant to Article 183 of the Securities and Stock Exchange Law, which was ratified in accordance with Article 184 of the Law, the trading of the Guaranteed Debt securities of Amathus Public Ltd (AMGB) and K. Athienitis Contractors Developers Public Ltd (ACDB) is suspended until the issue of guarantees of the Debt securities is clarified. The decision was taken to protect investors since these bonds are guaranteed by the Cyprus Popular Bank Public Co Ltd.
It is reminded that the CSE had sent a circular to the listed companies on March 28, 2013 (No. 04-2013), asking them to inform the investing public to what extent they have been affected by the recent developments, so that investors are able to assess the extent of the impact faced by companies listed on the Cyprus Stock Exchange as a result of the recent developments.
It is noted that a number of listed companies have already responded with the publication of the relevant announcements. However a number of companies have not yet informed the investing public on their impact due to the recent developments, therefore the Cyprus Stock Exchange requests the investors to be extremely careful on this issue. As a result investors are urged to be careful and read the announcements of listed companies which have been published on the CSE website, before taking any investment decisions.