Failure to Meet Trading Requirements Leads to Delisting from Bulgarian Stock Exchange
Photo: “Lavena” AD
An issuance of shares by “Lavena” AD has been moved from the main market of the Bulgarian Stock Exchange (BSE) to the alternative market due to non-compliance with the BSE’s Trading Rules, the exchange has announced.
The cosmetics manufacturer from Shumen has failed to meet the requirements for the past 6 months, with the average monthly turnover from trades on the exchange being less than 4,000 leva.
Listing of “Lavena” under Observation on BSE
The listing of “Lavena” will be under observation for a period of 6 months, during which the company’s shares will be moved from the “Standard” equity segment on the main market of BSE to the alternative market (segment MIC: ABUL) starting from July 29, 2024.
The shares of “Lavena” were transferred to the main market of BSE in January 2024 following a decision by the exchange’s Board of Directors. They were placed under a six-month observation period to assess if they meet the criteria.
Company Stock Prices on the Rise
Over the past year, the company’s stocks have increased by nearly 3%, with a market capitalization reaching 19 million BGN.
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