**Reputation Exchange Shares Removed from Cyprus Stock Exchange Index**
The Cyprus Stock Exchange (CSE) has announced a significant change to its Emerging Companies Market Index, effective July 17, 2026. The shares of Reputation Exchange PLC will be removed from the index, a decision made in accordance with Rule 4.1 of the Basic Rules for Index Management and Calculation.
This move comes after the CSE suspended trading of Reputation Exchange shares on June 16, 2026. The suspension was implemented due to the company's failure to comply with regulatory obligations, specifically its inability to maintain the required nominated advisor services. Such services are essential for all companies listed on the Emerging Companies Market, and their absence triggered the suspension.
Initially, the trading suspension was set to last for two months, concluding on August 17, 2026. However, the CSE indicated that the suspension could be lifted sooner if Reputation Exchange appoints a new nominated advisor before the end of this period.
The removal of Reputation Exchange from the index marks a procedural step in line with the established protocols for managing indices when a listed company is suspended. The CSE has emphasized that maintaining the integrity of its indices is paramount, and actions such as these are taken to ensure compliance and uphold market standards.
Investors and market participants are advised to stay informed about further developments regarding Reputation Exchange and its potential reinstatement to trading, should the company address the issues that led to its suspension. The CSE continues to monitor the situation and will provide updates as necessary.