The Ghana Stock Exchange (GSE) will suspend the listing status of Aluworks Plc (ALW), effective Monday, October 2, 2023
This is in accordance with Rule 13(1) of the Exchange’s Listing Rules.
In a circular to Licensed Dealing Members, Custodians, the general public, among others, the GSE said the decision is because Aluworks has failed to submit its audited accounts for 2022, quarter one and quarter two unaudited financial statements for 2023, contrary to the timely disclosure of information to the market and the listing agreement as per Rule 13(4) (c) and (e), after our repeated reminders.
Rules 13(4)(c) of the Listing Rules empowers 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 with the Exchange’s requirements on continuing listing obligations and disclosure policy.
Rules 13(4)(e) also recommends similar action 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.
GSE will thus suspend the listing status of Aluworks from Monday, October 2, 2023, accordingly.
Latest Stories
-
Why Trump has invited five African leaders to the White House
49 minutes -
Trump threatens Brazil with 50% tariff and demands Bolsonaro’s trial end
59 minutes -
Linda Yaccarino departs as boss of Musk’s X
1 hour -
Juliana Storey re-elected President of Rugby League Federation Ghana
1 hour -
Three 18-year-olds jailed for 10 years each after brutal Kumasi robbery
2 hours -
US$367m IMF cash credited to BoG account.
2 hours -
EY Ghana launches 25th anniversary celebrations, reaffirms commitment to innovation, talent development
2 hours -
Mahama, Baffoe-Bonnie to grace GJA swearing-in ceremony
3 hours -
National Security yet to make an arrest after seizure of 12 gold-filled containers – Muntaka
3 hours -
Gov’t breaks silence on foreign queer couple’s ‘desecration’ of Independence Square
3 hours -
PIAC accountability oversight weakens with amendment of PRMA
3 hours -
CBG board must protect taxpayers’ money – Finance Minister cautions
4 hours -
Finance Minister congratulates new CBG board, reaffirms support for bank recapitalisation
4 hours -
Mahama sacks Ambulance Service CEO, Dr. Nuhu Zakaria
4 hours -
No room for excessive salaries in State-Owned Enterprises – Finance Minister warns CBG board
4 hours