CYPRUS: SEC responds to query concerning Cyprus major shareholding disclosure under EU Transparency Directive

Friday November 18 2011

The Cyprus Securities and Exchange Commission has responded to a query concerning the Cyprus major shareholding disclosure to the public by the issuer of the total number of voting rights and capital at the end of each calendar month during which an increase or decrease of such total number has occurred, required under Article 15 of the EU Transparency Directive. The SEC stated:

I will like to inform you that Art 15 Of Directive 2004/109/EC has been transposed in the Cyprus legislation in Art 18 of the Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law of 2007 and 2009 and the information which is required by the issuer to disclose, in accordance with this article, is available at the Cyprus Securities Stock Exchange  Website (http://www.cse.com.cy/gr/default.asp) or the issuer’s website.