The Budapest Stock Exchange Ltd. (BSE) suspended exchange trading in the ordinary shares of the issuer Graphisoft Park SE Real Estate Development European Company Limited by Shares from the beginning of Pre-Trading phase on February 13, 2023 until the end of the Post-Trading phase on February 14, 2023, a statement on the website of the stock exchange said this Monday.
The reason for the suspension is that the Issuer's General Meeting decided that the company should apply to the BSE the trading of the Issuers’ shares introduced to the public market should take place in euros.
The Exchange - with its resolution no. 37/2023 - decided that the trading currency of the Issuer's shares shall be in euros from February 15, 2023.
The Exchange, in consultation with KELER CCP Ltd., decided that in order to ensure the orderly settlement of transactions concluded in HUF, the Exchange will suspend the trading of GSPARK shares for the settlement period.
According to Sections 23.2. of the General Terms and Conditions of the Budapest Stock Exchange, the Exchange may suspend trading in an instrument if orderly, transparent and fair trading cannot be ensured, as long as it does not violate the interests of the investors or the orderly operation of the market. The Exchange did not identify such circumstances and decided to suspend trading according to the above.
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