Friday marked a significant change for Centamin PLC as the Financial Conduct Authority (FCA) announced a temporary suspension of the company's securities from the Official List, effective from 07:30 on the same day. This action was taken at the request of Centamin PLC itself, impacting the ordinary shares of no par value which are fully paid and listed under the ISIN JE00B5TT1872.
The suspension notice was disseminated by Issuer Management, a division of the FCA, and comes with the implication that Centamin's shares will not be available for trading on several Recognised Investment Exchanges. These include the London Stock Exchange (LON:LSEG), where the securities are usually traded, as well as Aquis Stock Exchange, Euronext (EPA:ENX), Cboe Europe, Shanghai-London Stock Connect, and IPSX Prime, all of which are exchanges where the company's shares had been admitted to trading.
The SEDOL number, a unique identifier issued by the London Stock Exchange, associated with Centamin's suspended security can be found on the dealing notice provided by the exchange. Securities admitted to the Official List by the FCA must be read in conjunction with notices issued by the relevant Recognised Investment Exchange concerning the admission of securities to trading on its markets.
The London Stock Exchange, through its news service RNS, confirmed the suspension and clarified that it is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom (TADAWUL:4280). The London Stock Exchange also noted that terms and conditions relating to the use and distribution of this information might apply.
This temporary suspension of Centamin PLC's listing from the Official List halts all trading of the company's shares on these platforms until further notice. The FCA has not provided additional details regarding the duration of the suspension or the reasons behind Centamin PLC's request for such action.
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