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 PKL has since withdrawn that request with the intention to restructure its operations and remain listed.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.