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LONDON - Downing Strategic Micro-Cap Investment Trust plc (LSE:DSM) has had its ordinary shares temporarily suspended from the Official List by the Financial Conduct Authority (FCA), effective as of today, at the company’s request. The suspension pertains to the ordinary shares of GBP0.001 each, which are categorized under closed-ended investment funds with the ISIN GB00BF0SCX52.
The FCA, which oversees the UK’s financial markets, has the authority to suspend trading of securities on the Official List. This regulatory action ensures that all market participants have access to the same information and that trading occurs in a fair and orderly manner.
The reason for the request by Downing Strategic Micro-Cap Investment Trust for the suspension has not been disclosed. The suspension is a procedural measure that can occur for various reasons, including pending announcements that could affect share prices or other significant events that require a temporary halt in trading to maintain market stability.
Investors and market watchers will be closely monitoring the situation for further updates from the company or the FCA regarding the reasons for the suspension and any indications of when trading might resume.
The London Stock Exchange (LON:LSEG), where the shares are listed, and other Recognised Investment Exchanges such as Aquis Stock Exchange, Euronext (EPA:ENX), Cboe Europe, Shanghai-London Stock Connect, and IPSX Prime, will also issue notices in respect of the trading status of the securities on their markets, in line with the FCA’s suspension notice.
This suspension highlights the regulatory framework in place to protect investors and the integrity of the financial markets. Shareholders of Downing Strategic Micro-Cap Investment Trust will be awaiting further information that could clarify the situation and the potential impact on their investments.
The information regarding the suspension is based on a press release statement, and further details are expected to be provided by the company or the FCA in due course.
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