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LONDON - In an announcement today, the Financial Conduct Authority (FCA) has confirmed the temporary suspension of Kanabo Group plc’s ordinary shares from the Official List. This suspension, effective as of today at 7:30 AM, was initiated at the company’s request.
The shares in question, ordinary shares of 2.5p each and fully paid, are listed under the ISIN number GB00BYQCS703. The suspension applies to the London Stock Exchange (LON:LSEG), where these shares are also admitted to trading as a Recognised Investment Exchange.
The FCA’s notice, issued by Issuer Management, did not provide specific reasons for the suspension. However, such measures are typically taken in situations where a company needs to prevent trading in its shares due to pending news or financial disclosures that could affect share prices significantly.
The FCA, as the regulatory authority overseeing the UK’s financial markets, is responsible for ensuring that all market participants adhere to the rules and regulations designed to maintain market integrity and protect investors. Temporary suspensions are a tool used by the FCA to manage the orderly operation of the markets.
Investors holding Kanabo Group plc shares will be unable to trade them on the London Stock Exchange during the suspension period. The notice by the FCA does not indicate the duration of the suspension or any conditions that must be met for the resumption of trading.
This information is based on a press release statement and is intended to provide shareholders and potential investors with factual details regarding the current status of Kanabo Group plc’s securities. Further updates will be provided in accordance with official releases from the FCA or Kanabo Group plc.
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