The Irish Stock Exchange has publicly censured Bula Resources for a number of breaches of corporate compliance including proper disclosure of directors’ share dealings.
The Listing Committee of the Irish Stock Exchange also found that Bula gave a director clearance to deal during a close period contrary yo stock exchange rules.
In a statement released today, the Irish Stock Exchange said that Bula was responsible for the breaches "primarily due to a failure to ensure that adequate corporate governance controls were in place."