March 7 (SeeNews) - The Bulgarian Stock Exchange (BSE) said that it has terminated the surveillance of a Bulgarian River Shipping [BUL:BRP] share issue after the company satisfied listing requirements.
Bulgarian River Shipping has met requirements that its share issue has a monthly average of more than five transactions and turnover of over 4,000 levs ($2,177/2,045 euro) on the BSE in the past six months, the exchange said in a statement on Monday.
To comply with the rules, the company also had to have disclosed regulated information within the set timeframes through a chosen agency or media across all member states over the last six months and cannot be undergoing liquidation or bankruptcy proceedings.
In December, the BSE placed the share issue under surveillance for nine months, saying that a compliance review would be made every three months.
Shares in Bulgarian River Shipping last traded at 0.915 levs on the Bulgarian Stock Exchange, bourse data show.
(1 euro = 1.95583 levs)