A green technology firm has been suspended from the Bermuda Stock Exchange after a failure to settle its listing fees.

The move means that trading in the shares of Vida Green, set up as a Bermuda exempted company in 2013, will stop immediately.

A statement from the BSX said: “The issuer has failed to satisfy the ongoing obligations under the BSX listing regulations namely, failure to settle, in full, all outstanding listing fees as required ...”

The company is listed on the BSX website as being registered at Argonaut House in Hamilton’s Park Road.

The website said the company specialised in “bringing green products and services to commercial fruition”.

It added: “Management has worked in the cleaning, restoration, oil and gas, commercial drinking water, agriculture and management industries for decades and saw a need to change the essential foundation of agricultural environments cleaning up the oil and gas industry by bringing together green proprietary products that act symbiotically with nature and the environment.”

The company statement said: “The company offers its products and management’s expertise to solve the problems that conventional products create — from reclaiming acres of depleted and worn-out farmland soil to offering new green products to the oil and gas industry, which has historically been very un-green.”