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.”
Latest Stories
-
Police arrest suspect in Abuakwa murder case
15 minutes -
Man City can’t ‘confuse’ season as success – Guardiola
17 minutes -
T-bills auction: Government returns to oversubscription; interest rates ease again
23 minutes -
Slot thanks Klopp moments after Liverpool win title
31 minutes -
CANCHAM holds forum for members on 2025 Budget impact on businesses
31 minutes -
MTN Ghana and Zoomlion partner to promote clean communities during Kwahu Easter festivities
48 minutes -
MTN Stands in Worship 2025: A night heaven came down to the Grand Arena
1 hour -
There is the need to reclaim the soul of NPP – Nyaho Nyaho-Tamakloe
1 hour -
Jeph Acheampong advocates for modernised education to empower Africa’s Youth in the Digital Economy
2 hours -
Bawumia’s ‘Thank You Tour’ message should be solution-driven – Prof Seidu
2 hours -
GPL 2024/25: Heart of Lions keep title hopes alive with 1-0 win over Legon Cities
2 hours -
Playback: The Probe analyzes NPP’s 2024 crushing defeat
3 hours -
GPL 2024/25 Karela United suffer another blow in relegation battle
3 hours -
GPL 2024/25: FC Samartex thrash Basake Holy Stars at Nsenkyire Sports Arena
3 hours -
Beijing seizes tiny sandbank in South China Sea
4 hours