The Ghana Stock Exchange (GSE) has, with immediate effect, lifted the suspension of listing imposed on PBC Limited (PBC).

On August 13, 2019, the GSE, announced the suspension of listing status of PBC. This was to begin from Thursday, August 15, 2019.

The GSE attributed the suspension to the failure of the company to publish its financial results since the end of its financial year September 2018

 “PBC has since rectified all the anomalies that led to its suspension”, the GSE said in a statement.

Accordingly, the Exchange has lifted the suspension of listing with immediate effect.

GSE Listing Rules

Part VI of the GSE Listing Rules outlines that a listed company shall comply with the continuing listing obligations and disclosure policy outlined in the Rules.

The prescribed sanctions for failing to abide by that regulation are specified in Rules 13(4)(c) and 13(4)(e) of the Listing Rules.

They empower 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 whatsoever with the Exchange’s requirements on continuing listing obligations and also 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 and disclosure policy as set out in Parts VI and VII of the Rules.”