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The Commission de Surveillance du Secteur Financier (the “CSSF”) has decided yesterday to suspend the securities issued by LIFEMARK S.A. (“Lifemark”) from trading on the regulated market of the Luxembourg Stock Exchange. As previously announced, a provisional administrator (administrateur provisoire) has already been appointed to Lifemark’s board of directors on 18 November 2009, for a period of three months, with a mission of auditing, initiative and investigation (please refer to our press release of 19 November 2009). The provisional administrator has, inter alia, been appointed to develop, if possible, together with Lifemark’s board of directors, a long-lasting solution to Lifemark’s current problems and will file a detailed report on all his findings to the CSSF. In the meantime,...
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