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Sofia bourse delists shares of Sparky AD - Rousse

Author Vasil Kolchev
Sofia bourse delists shares of Sparky AD - Rousse Photo: Bulgarian Stock Exchange / All rights reserved.

SOFIA (Bulgaria), September 27 (SeeNews) - The Bulgarian Stock Exchange (BSE) terminated the listing of the shares of electric tool manufacturer Sparky AD - Rousse [BUL:SPRK] on the equities segment of the BaSE alternative market as of September 27, the bourse said.

The delisting is in line with a September 23 decision by the Financial Supervision Commission to enforce a compulsory administrative measure against BSE, the Sofia bourse operator said in a notice on Friday.

The regional court in Rousse opened insolvency proceedings against Sparky AD - Rousse in June on request by Balkan Steel Engineering Ltd. due to an outstanding debt of over 316,000 levs ($189,000/161,000 euro). The starting date of Sparky's insolvency is March 5, 2021, the court ruled.

Sparky AD - Rousse ceased activity more than an year ago. Its production site was bought by the Sparky Rousse 2000 company earlier this year.

(1 euro = 1.95583 levs)