MFSA suspends trading in Loqus Holdings

The financial regulator has once again suspended trading of Loqus Holdings plc's ordinary shares, for the failure to publish the annual audited financial statements for the year ended 30 June 2012 within the timeframes stipulated in the listing rules.

The suspension is the second this year, and is valid for a period of 10 working days with effect from 1 November. The suspension may be terminated prior to the expiration of the 10-day period should the company publish the annual figures. Otherwise, the suspension will be extended by a further ten days.

Back in August, the suspension of trading in securities by Loqus plc was extended for an additional 10 working days over the company's failure to publish its financial statements within the time-frames stipulated in listing rules. The action was in line with a notice issued by the MFSA on 13 July, introducing the suspension of trading of instruments.

The latest announcement by Loqus Holdings plc was issued on 2 February 2012 stating that the 30 June 2011 year-end results would be issued by the end of March 2012.

Loqus Holdings - formerly Datatrak Holdings - is a plc that is 35% owned by public shares, 15% by telecommunications firm GO plc, and 50% by entrepreneur's Joe Fenech Conti's JFC Holdings.