The Cyprus Securities and Exchange Commission (CySEC) has announced the imposition of administrative fines on thirteen listed companies for breaches of the Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law of 2007, as amended.

The fines relate to failures in the timely publication of half-year financial reports for the year 2023.

A total fine of €9,500 was imposed on KDM Shipping Public Limited for violating sections 10(1) and 37(2)(a) of the law.

Agroton Public Limited received a total fine of €4,750 for violations of the same sections.

MLK Foods Public Company Ltd was also fined €4,750 for the same breaches.

Toxotis Investments Public Ltd was fined €4,000 for a violation of section 10(1) of the law.

Isxis Investment Public Ltd received a fine of €3,250 for violation of section 10(1).

Aias Investment Public Ltd was fined €3,250 for the same offence.

Cyprus Trading Corporation Plc received a fine of €1,750 for violating section 10(1) of the law.

Woolworth (Cyprus) Properties Plc was also fined €1,750 for breach of the same section.

Ermes Department Stores Plc was penalised with an administrative fine of €1,750.

Regallia Holdings & Investments Public Limited received a fine of €1,625.

A. Tsokkos Hotels Public Limited was fined €1,250.

Dome Investments Public Company Limited also received a fine of €1,250.

Seabird Exploration Plc was fined €500 for a violation of section 10(3)(c) of the law.

The regulatory body reminded all issuers of the importance of timely disclosure in accordance with the legal framework to ensure market transparency and investor protection.