WSE excludes Open-Net from NewConnect. Suspends Biomax and Aedes

The Warsaw Stock Exchange has excluded the shares of the internet provider Open-Net from being traded on the small-cap, alternative NewConnect market. The decision will go into force on November 30. The reason for the exclusion is the company’s failure to issue financial results. It also failed to secure any funds to cover the costs of bankruptcy proceedings. WSE also suspended the trading of a biotechnology company Biomax, and constructor Aedes for failing to provide financial reports.