GSE STOCK FEED [Delay=3mins]

August 2018

In February 2017, PKL submitted a request to voluntarily de-list the company from the GSE’s Main Market to enable the directors to restructure the company. PKL has since withdrawn that request with the intention to restructure its operations and remain listed.
Under the GSE’s Rules 13(4)(g) and (h), a listed company may be de-listed on grounds of non-disclosure regarding its continuing listing obligations or if the financial situation of the company is significantly threatened. PKL is currently not in production.
The GSE has therefore decided to suspend the listing status of PKL with immediate effect. If and when the restructuring of the company is successfully concluded, the suspension will be lifted otherwise, PKL will be compulsorily de-listed at the end of December 2018.

Issued in Accra, this 16 th day of August, 2018.

It is announced for the information of the investing public that the Ghana Stock Exchange (GSE) shall compulsorily de-list African Champion Industries Limited (ACI) from the Main Market of the Exchange at the end of September 2018.

The decision is based on Rule 13 of the GSE Listing Rules. Under Rule 13(1) of GSE’s Listing Rules, “the Council may at any time and in circumstances as it thinks fit, suspend or cancel a listing and shall do so to protect investors and to ensure an orderly market”. Among the reasons for which Council may de-list a company is where the financial situation of the company is significantly threatened, as provided under Rule 13(4)(g) of GSE’s Listing Rule; or where the company consistently fails to comply with GSE’s Rules and directives, as per Rule 13(4)(h) of GSE’s Listing
Rules.

The GSE deems the financial situation of ACI to be significantly threatened. The financial statements submitted for year-ended 2017, first quarter 2018 and half year 2018 shows that ACI made a loss of GH¢650,501 in 2016, a profit of GH¢2,218,623 in 2017, losses of GH¢291,973 and GH¢334,476 in the first and second quarter of 2018 respectively. The financial statements
also shows that the equity of ACI is in the negative of GH¢3,303,102 as at June 2018.

Further to that, ACI failed to submit its audited financial statements for 2017 as well as its financial statements for the first quarter of 2018 within the required regulatory period until the company was prompted by the Exchange. ACI was one of the companies whose listing were suspended in 2017 for failure to submit its financial statements and to hold an AGM. Its listing
status was re-instated after it remedied those deficiencies. However, the company lapsed into the same situation within a relatively short period of time for no reason.

The GSE has therefore taken the decision to de-list ACI at the end of September 2018.

Issued in Accra, this 16 th day of August, 2018.

ESLA has release the attached announcement for the information of the general investing public.

Issued in Accra, this 16 th day of August, 2018

AFB has released the attached announcement for the information of the general investing public.

Issued in Accra, this 14 th day of August, 2018

Listing

The Ghana Stock Exchange has admitted to the Ghana Fixed Income Market (GFIM), notes and bonds issued by the   Government of Ghana from June to July 2018 2018.

Background Information

Details of the notes are as follows.

 

Title

1-Year Notes

 

3-Year Bonds

Issuer

Government of Ghana

 

Government of Ghana

Total Value Issued

GH¢893,624,556

  

GH¢766,011,551

Coupon Rate

 

14.50%  and 15.00% per annum

  

17.50% and 18.00% per annum

Issue Date

4/6/2018, 18/06/2018, 2/07/2018, 16/07/2018 and 30/07/2018

  

02/07/2018 and 30/07/2018

Maturity Date

             

03/06/2019, 17/06/2019, 01/07/2019, 15/07/2019 and 29/07/2019

 

28/06/2021 and 26/07/2021

Interest Payment 

Half yearly from issue date

 

Half yearly from issue date

                                                             

Non-Resident Foreign (NRF) Investors Participation

The Bank of Ghana has confirmed that participation in Government of Ghana fixed income securities is open to non-resident foreigners (NRF) in respect of securities with tenure of two years and above.

Registration

The Central Securities Depository Ltd will be in charge of registration.

Tax

The Income Tax Act of 2015 (Act 896) requires the withholding of tax in respect of interest payments at the applicable rate of tax.                                                                                                                              

Issued at Accra on August 9, 2018 

Attachment

BFS has released the attached announcement for the information of the general investing public.

Issued in Accra, this 10 th day of August, 2018

IZWE has released the attached announcement for the information of the general investing public.

Issued in Accra, this 9 th day of August, 2018

AGA has released the attached announcement for the information of the general investing public.

Issued in Accra, this 8 th day of August, 2018.

SCB announces the appointment of Madam Bola Adesola as a Non-Executive Director, to the Board of the Bank. The appointment takes effective from July 27, 2018.

Find attached a brief profile.

Issued in Accra, this 3 rd day of August, 2018.

SCB has released the attached announcement for the information of the general investing public.

Issued in Accra, this 2 nd day of August, 2018.

GSR has released the attached announcement for the information of the general investing public.

Issued at Accra, this 2 nd day of August, 2018.

AGA has released the attached announcement for the information of the general investing public.

Issued in Accra, this 2nd day of August, 2018.