The Malta Financial Services Authority (MFSA) has suspended the listing and trading of GlobalCapital shares after the company failed to publish its annual report for 2018 within the stipulated timeframe.

In a statement, the MFSA referred to its circular dated 13 July 2012 with respect to the regulatory action following an issuer’s failure to publish specified financial information within the applicable deadline stipulated in the Listing Rules.

“The Authority is hereby notifying the market that it has, as from today, suspended the listing and trading of GlobalCapital plc Ord €0.291172 (MT0000170101) and 5% GlobalCapital plc Unsecured €2021 (MT0000171216) following the failure by GlobalCapital plc to publish the Annual Financial report of 2018 within the time-frames stipulated by the Listing Rules,” MFSA said.

The suspension is valid for a period of ten working days with effect from the date of this notice, that is until 16 May 2019.

This suspension may be terminated prior to the expiration of the 10-day period should GlobalCapital publish the abovementioned documents in the interim, the authority said.

GlobalCapital to submit annual report to MSE next week

In a statement, Global Capital plc said it noted the communication issued today by the Malta Stock Exchange stating that it has suspended the listing of the Company’s shares for 10 days.

As stated by the MSE, this action is an automatic procedure triggered if public companies are not in a position to submit their annual financial reports by 30 April.

Global Capital plc did not meet the stipulated deadline due to a technical issue and will submit all the required information by next week, thereby bringing an automatic end to the suspension imposed by the MSE.