Hellenic Capital Market Commission Announcement: Short Selling Extension

The Hellenic Capital Market Commission (HCMC), during its 719 /13.07.2015 Board of Directors meeting, and further to the relevant Opinion issued by ESMA on the same day, has decided, in view of the extension of the Legislative Act providing for a bank holiday in Greece, and the consecutive extension of the decision to close down, for the same period, the stock and bond markets, to extend the temporary prohibition of transactions in any financial instrument which would create a short position of the shares admitted to trading on the Athens Exchange and the Multilateral Trading Facility of “EN.A” (Alternative Market of the Athens Exchange) of which the relative Competent Authority is HCMC.

The temporary prohibition is imposed in accordance with Article 20 of the Regulation (EU) No 236/2012 of the European Parliament and of the Council of 14 March 2012 on short selling and certain aspects of credit default swaps (OJ L 86/1, 2012).

The measure shall apply for a period of seven days and shall be in force as of 00:00:01 hours (CET) on the 14th of July 2015 until 24:00:00 (CET) of the 20th of July 2015.