Today’s announcement published by the Czech National Bank (CNB) and Prague Stock Exchange (PSE) states the following:
Regarding the reporting obligations of listed issuers, the CNB has the same opinion as ESMA, whereby in the case of (consolidated) annual reports of issuers whose balance sheet date ends on 31 December 2019 or later (but not later than 1 April 2020) may submit reports within a period of 2 months after the deadline set in Section 118 (1) of the Capital Market Act. At the same time, however, CNB expects issuers and their auditors to make sufficient efforts to publish the Annual Report in due time. Depending on the development of the situation, these terms may be extended.
When assessing the fulfillment of information obligations of issuers, the Prague Stock Exchange (PSE) will proceed in accordance with the above-mentioned statement of the CNB. Issuers are asked to also inform the stock exchange should they be justified in delaying the publication of their annual report.
Impact on investors: Investors should be aware of this extraordinary adjustment that may impact their investments activities on the Czech securities market.