GSE lifts suspension in trading of CLYD and TRANSOL shares

The Ghana Stock Exchange(GSE) has lifted the suspension in trading of the shares of Clydestone (Ghana) Limited (CLYD) and Transaction Solutions (Ghana) Limited (TRANSOL) that was imposed on the two companies yesterday.

In a press statement copied to the B&FT, the GSE stated that CLYD and TRANSOL, which were part of five companies suspended, have rectified all the anomalies that led to their suspension.

On August 25, 2017, the Ghana Stock Exchange, per its press release no. 303/2017, announced that trading in the shares of some five companies be suspended from Monday, August 28, 2017 until September 8, 2017.

The companies include African Champion Industry Limited (ACI), Clydestone (Ghana) Limited (CLYD), Golden Web Limited (GWEB), Pioneer Kitchenware Limited (PKL), and Transaction Solutions Limited (TRANSOL).

The GSE explained that the obligations these companies failed to meet include: failure to submit financial reports, non-payment of annual listing fees, failure to conduct Annual General Meeting, among others.

The suspension of trading in shares of the rest of the companies, according to the GSE, will be in force until September 8, 2017, which is the deadline for the companies to rectify the anomalies. “Failure to do so will attract further sanctions as per the GSE Listing Rules.”