Press Release Number 361/2018 of August 16, 2018 refers.
It is announced for the information of the investing public that the Ghana Stock Exchange (GSE) has decided to compulsorily de-list African Champion Industries Limited (ACI) from the Main Equity Market of the Exchange. The Company will
be taken off the Official List at the end of the trading day on October 5, 2018.
The decision is based on Rule 13 of the GSE Listing Rules. Under Rule 13(1) of the 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.
Issued in Accra, this 3rd day of October, 2018.