Temporary Suspension of Trading of the shares of the Companies C. CARDASSILARIS & SONS CARDICO S.A. and MARAC ELECTRONICS S.A.

 

Athens, 01 December 2010

The Chairman of the ATHEX Board of Directors, Mr. Socrates Lazaridis, taking into consideration a relevant request of the Hellenic Capital Market Commission, decided the temporary suspension of trading of the shares of the following companies, as of December 1rst, 2010 and for a maximum time interval of ten (10) days, according to article 23 of L. 3556/2007:

  • 1. C. CARDASSILARIS & SONS CARDICO S.A., due to the fact that the audit performed on the company's released financial statements for the period ended on 30.09.2010, regarding two of its subsidiaries, whose size is significant within the group, has not been validated.
  • 2. MARAC ELECTRONICS S.A., due to the fact that, in the company΄s released financial statements for the period ended on 30.09.2010, a significant part of its accrued revenues was not verified.

The aforementioned suspensions are deemed necessary for the protection of investors, based on the fact that the smooth operation of the market is temporarily not ensured.