The South Pacific Stock Exchange (SPSE) placed a trading halt in Pacific Green Industries (Fiji) Limited (PGI) shares before the trading session opened at 10.30am yesterday morning.
The trading halt has been placed by virtue of Section 7.5 (i) of the SPSE Listing Rules which states:
“Circumstances where the SPSE may halt or suspend trading for the protection of investors or the maintenance of an orderly market may include the following: prior to an announcement of any price sensitive information…”
SPSE is currently seeking clarification from PGI regarding a material market announcement.
SPSE chief executive, Jinita Prasad, said: “For the maintenance of an orderly market especially where price sensitive information is involved, SPSE believes a trading halt should be imposed on PGI shares immediately.
“This is until the company formally responds to SPSE’s inquiries regarding this matter”.
The SPSE would like to reiterate the trading halt in PGI shares will be lifted as soon as the company addresses the queries raised by SPSE.
The licensed broker representatives will not be able to execute Pacific Green Industries orders until the trading halt is lifted.
– SOUTH PACIFIC STOCK EXCHANGE
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Stock exchange halts trading of Pacific Green Industries shares
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