Greece: Short-selling ban further extended on certain listed equities
The Hellenic Capital Markets Commission (HCMC) has decided to lift the short-selling ban except with respect to the shares of financial institutions that form part of the FTSE/ATHEX-CSE Banking Index.
This is further to our Marketflash M12052, dated 26 October 2012.
For issues of the following financial institutions, which are part of the FTSE/ATHEX-CSE Banking Index, the short-selling ban will remain in place until 30 April 2013:
Alpha Bank
Attica Bank
Bank of Cyprus
Cyprus Popular Bank
Eurobank
National Bank of Greece
Piraeus Bank
When making this decision, the HCMC took into account the conditions prevailing in the Greek capital market and the ongoing recapitalisation of the financial institutions.
The European Securities Markets Authority (ESMA) has approved the short-selling ban for shares of financial institutions listed on the Athens Exchange that form part of the FTSE/ATHEX-CSE Banking Index and the prohibition is now applicable.
We continue to monitor the situation and will provide further information as it becomes available.
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