Cyprus: Continued suspension of trading and settlement in certain securities
According to the reports from our local custodian Citibank International Plc, Athens, the Cyprus Stock Exchange (CSE) has announced that trading will resume today Tuesday 2 April, 2013 for all listed instruments with the exception of listed shares, convertible bonds, convertible capital securities and any other traded instruments of the BANK OF CYPRUS PUBLIC COMPANY LTD and CYPRUS POPULAR BANK PUBLIC CO LTD.
The CSE also announced that further to the Decrees published on Friday 29 March 2013 in relation to the resolution measures implemented under the Resolution of Credit and Other Institutions Law, 2013 at the Bank of Cyprus and Cyprus Popular Bank, the CSE has decided to temporarily suspend trading in the above instruments for 10 working days until Monday 15 April 2013 inclusive.
ATHEX has also announced that trading in dual-listed Cypriot securities will continue to be suspended until Monday 15 April 2013 inclusive.
We continue to monitor the situation and will provide further information when available.
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