Ghana Stock Exchange suspends trading in ADB Bank shares


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Ghana Stock Exchange 07

Accra, July 17, GNA
– The Ghana Stock Exchange has suspended the trading in the shares of ADB Bank,
following Bank of Ghana’s cancellation of shares held by four institutions in
the bank.

“The Exchange,
pursuant to Rule 7 and Rule 14 of its Trading and Listing Rules respectively,
has suspended trading in the shares of ADB for three (3) consecutive business
days effective Tuesday, July 17, 201

Accra, July 17, GNA
– The Ghana Stock Exchange has suspended the trading in the shares of ADB Bank,
following Bank of Ghana’s cancellation of shares held by four institutions in
the bank.

“The Exchange,
pursuant to Rule 7 and Rule 14 of its Trading and Listing Rules respectively,
has suspended trading in the shares of ADB for three (3) consecutive business
days effective Tuesday, July 17, 2018,” a statement from the GSE said on
Tuesday.

The statement said
the suspension of trading in ADB shares was necessary to prevent disorderly
trading in the shares of ADB; market and/or investor abuse; and investors
taking decisions that may make them worse off than would have been the case if
they possess more information or clarity on the matter.

Trading in ADB
shares will resume on Friday, July 20, 2018, the statement added.

GNA


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