Following its previous announcement dated 9 July 2020, the Cyprus Stock Exchange announces the suspension of trading of the titles of BCRE - Brack Capital Real Estate Investment N.V. (Emerging Companies Market), pursuant to Article 183 of the CSE Law due to the non-submission and publication of its Annual Financial Report for the year ended 31/12/2019 as well as its Half-Yearly Financial Report for the period ended 30/6/2020.
The suspension of trading will take effect on Tuesday, 13 October 2020.
The decision was taken in the context of the implementation of the Policy Decision of the Stock Exchange Council according to which if an Issuer (issuing company) fails to comply within 3 months from the display of the (Σ) marking in the trading boards and the price bulletins (Emerging Companies Market) as a result of the non-submission and publication of its financial results, the Stock Exchange proceeds to the suspension of trading of the issuer's titles (CSE circular 01-2018, 02-2018, dated 23/1/2018) as well as in the context of the policy decision of the CSE Council for cases where the breaches coexist.
It is understood that the suspension of trading of the company's titles will be lifted if and when the aforesaid financial information is submitted.
Nicosia, 12 October 2020