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17/02/2010: SFS: Clarifications on transfer to Alternative Market [SFS] Subject: Clarification on announcement of SFS Group Public Company Limited dated 12.02.2010 on the approved resolution for the transfer of its titles from the Main Market to the Alternative Market
With reference to the above announcement of SFS Group Public Company Limited, the Company would like to clarify the following with regard to the Special Constant Obligations of the issuers with the titles listed in the Main Market pursuant to paragraph 5.3.1 of K.D.P 326/2009 after the transfer of its titles from the Main Market to the Alternative.
As regards to the obligations for an organized accounts’ department headed by a chartered accountant and the permanent employment of a Compliance Officer for stock market issues, the Company will continue to adopt them.
The Company will continue to have a website and will continue to publish what it has to announce to the CSE as well as the most recent bulletin, corporate profile, informative memorandum, public offer document or any other document.
With the transfer of its titles to the Alternative Market, the Company will no longer enforce the obligation concerning the preparation of the three-month statements. Instead, the Company will release an Interim Management Statement, pursuant to the Transparency Requirements Laws 2007 and 2009.
Special Obligations in relation to the minimum trading price and the volume of transactions:
a) In relation to the obligation of point (e) paragraph 5.3.1 for the minimum trading price of the shares in the Main Market, this is not valid in the Alternative Market.
b) In relation to the issuers’ obligation in the Main Market point (f) paragraph 5.3.1, which provides that the number of titles for which transactions were made during the past year must be at least equal to 5% of the titles of the same category, it is noted that the corresponding percentage in the Alternative Market is 1%.
With reference to the aforementioned two special obligations, the Company intends to follow all provisions of KDP 326/2009 in relation to the Alternative Market.
The Company will release announcements if necessary.
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