Extract from Resolution No. 38/2023 of the Budapest Stock Exchange Ltd.
The Budapest Stock Exchange Ltd. (hereinafter referred to as 'Exchange') suspends exchange trading in the ordinary shares (ISIN: HU0000083696) of the issuer Graphisoft Park SE Real Estate Development European Company Limited by Shares (registered seat: 1031 Budapest, Záhony u. 7.) (hereinafter referred to as 'Issuer') from the beginning of Pre-Tradingphase on February 13, 2023 until the end of the Post-Tradingphase on February 14, 2023.
Reasoning
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.
In accordance with Section 14.1 c) of "Book Five - Regulations on Trading" of the "General Terms of Service of the Budapest Stock Exchange Ltd.", the Exchange decided that all open orders with ISIN code HU0000083696 shall be cancelled at the beginning of the Exchange Day on February 13, 2023.
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.
Budapest, February 6, 2023
Attila Varga-Balázs
Director
Annex of Resolution No. 38/2022 of the Budapest Stock Exchange Ltd.
Information and public disclosure on the basis of the Commission (EU) Implementing Regulation 2017/1005.
1. | Date and time of the | 2023-02-06T13:30 UTC+2 |
publication / communication | ||
2. | Action type | Suspension |
3. | Reasons for the action | Settlement of exchange trading will not be ensured temporarily |
4. | Effective from | 2023-02-13T8:15:00 UTC+2 |
5. | Effective to | 2023-02-14T17:20:00 UTC+2 |
6. | Ongoing | No |
('Yes'- Action is ongoing | ||
'No'- Action is not ongoing) | ||
Trading venue(s) | XBUD | |
7. | (MIC code) | |
Issuer name | Graphisoft Park SE Real Estate Development European Company | |
8. | Limited by Shares | |
9. | Issuer's LEI code | 5299006ETW1JYNUWJC79 |
10. | Instrument identifier (ISIN | HU0000083696 |
code) | ||
11. | Instrument full name | Graphisoft Park SE share |
12. | Related derivatives | - |
13. | Other related instruments | - |
14. | Comments | - |
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Disclaimer
Graphisoft Park SE published this content on 06 February 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 February 2023 12:39:09 UTC.