THE Philippine Stock Exchange (PSE) over the weekend said it has suspended the trading of shares in agribusiness firm Calata Corp. Due to more than one violations of disclosure rules.
The buying and selling suspension took effect on June 30, 2017 at 2:20 p.M. And will be in area for a month.
The PSE said the business enterprise, whose shares trade below the ticker symbol CAL, violated the rules on well timed disclosure of disposition of shares with the aid of business enterprise administrators and predominant officers, and disclosure of updates on previous disclosures on material information which can affect buyers’ choice.
“The PSE additionally observed CAL to have violated the “blackout rule” which prohibits directors and foremost officials who've acquired material private facts to change their company’s stocks inside a prescribed duration,” the trade stated.
“The blackout rule is in vicinity to offer the making an investment public with a truthful market surroundings via disallowing the possible trading of agency insiders, the use of private statistics that they'll have access to by using virtue of their function inside the employer,” it introduced.
The buying and selling suspension took effect on June 30, 2017 at 2:20 p.M. And will be in area for a month.
The PSE said the business enterprise, whose shares trade below the ticker symbol CAL, violated the rules on well timed disclosure of disposition of shares with the aid of business enterprise administrators and predominant officers, and disclosure of updates on previous disclosures on material information which can affect buyers’ choice.
“The PSE additionally observed CAL to have violated the “blackout rule” which prohibits directors and foremost officials who've acquired material private facts to change their company’s stocks inside a prescribed duration,” the trade stated.
“The blackout rule is in vicinity to offer the making an investment public with a truthful market surroundings via disallowing the possible trading of agency insiders, the use of private statistics that they'll have access to by using virtue of their function inside the employer,” it introduced.
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