Cyprus Stock Exchange to Delist K. Kouimtzis and A.J. Green Shell from Emerging Companies Market

The Cyprus Stock Exchange (CSE) announced on Wednesday that it will remove the shares of K. Kouimtzis and A.J. Green Shell from its emerging companies market, with the delisting scheduled to take effect on July 31, 2026. The exchange explained that the decision was reached after determining that both companies no longer satisfy the conditions required to ensure the orderly functioning of the market, a situation that it believes poses a risk to the protection of investors' interests.

In the case of K. Kouimtzis, the exchange pointed to several compliance shortcomings that ultimately led to the decision. Among the primary concerns was the company's failure to retain a nominated adviser, a requirement for companies listed on the emerging companies market. The company also failed to publish its six-monthly financial report for the period ending June 30, 2025, as well as its annual financial report for the financial year ending December 31, 2025.

The board further noted that trading in the company's shares has been suspended for a period exceeding six months, with the suspension having commenced on August 11, 2025. In addition, K. Kouimtzis was found to be non-compliant with the obligation to maintain a sufficient number of shareholders, while also failing to provide the exchange with information relating to its business plan.

The Cyprus Stock Exchange also outlined multiple regulatory deficiencies concerning A.J. Green Shell. According to the exchange, the company did not submit its annual financial reports for both the 2024 and 2025 financial years, nor did it file the required six-monthly financial report covering the period ending June 30, 2025. The company likewise failed to maintain a nominated adviser, did not settle outstanding financial obligations owed to the exchange, and has had its shares suspended from trading since August 13, 2025.

As with K. Kouimtzis, A.J. Green Shell also failed to provide market authorities with information regarding its business plan, adding to the series of compliance issues identified by the exchange.

The CSE confirmed that trading in the shares of both companies will remain suspended until their delisting becomes effective on July 31, 2026. On that same date, the securities of K. Kouimtzis and A.J. Green Shell will also be removed from the Central Securities Depository and Central Registry in accordance with the applicable legislation governing the operation of the Cyprus Stock Exchange.

By fLEXI tEAM