SEC Allotment of 2008 Starcomms Offer and Return of Monies

...Nigeria’s SEC recognises that it is no exception to this custom. By the rules and regulations of the commission; Rule 68 (1) and (2) to be precise, which states how an allotment is statutorily instituted and should be carried out upon submission of allotment proposal by the issuing house – it reveals the process for arriving at the selected allottee’s names.

In the case of a private placement, where not more than fifty (50) pre-identified-would-be-investors agree to invest in a company, allotment is expected to be given to fifty (50) individuals or less, by the SEC. While in an IPO, which gives room for more than fifty (50) investors, allotment may only be modified following an over-subscription.

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Daily Market Updates

040612 NSE ASI slides by -0.81% as downtrend continues.

As investors return from the weekend, trading activities on the Nigerian bourse closed downbeat for the fifth uninterrupted session to open the week negative as sell pressure significantly outweighed bargain activities amid low volume turnover while market YTD performance also plunged further to close at +5.09%.

Nevertheless, the key benchmark indices maintained downtrend as sentiments remained red, taking hits majorly from Medium CAP stock which was particularly driven by Diamond Bank while Large CAP stocks also contributed to the outlook recorded today due to unrelenting sell pressure witnessed in Consumer Goods and Financial services sectors.

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These Young Minds, in partnership with Aston Business School are pleased to announce a forthcoming exclusive executive education programme, tailored specifically to address the unique challenges and meet the needs of African Directors.

The 5 day executive education programme on Strategic Leadership for Senior Executive in Emerging Countries takes place from 25th – 29th June 2012 and will be delivered by the world class faculty at Aston Business School. Aston is among the top 1% of global business schools with triple accreditation by AMBA, (Association of MBAs) EQUIS (European Quality Improvement System) and AACSB (Association to Advance Collegiate Schools of Business). Registration could be made athttp://goo.gl/FuU5h

CMA announces Executive Development Programmes in Association with Proshare

The Capital Markets Academy is pleased to announce a suite of Executive Development Programmes to be held in Lagos in 2012, in association with Proshare Nigeria.

Delivered by leading international experts and featuring guest speakers from the Nigerian Financial Community, these interactive programmes have been specifically designed to

Facilitate greater understanding of the key products within the Nigerian Capital Markets today

· Equip staff with practical learning they can apply immediately in their roles

· Enable attendees to benefit from a highly interactive learning approach

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Regulators & Capital Market

X – Compliance Report – June 4, 2012

Released Financials of Quoted Companies: Audited Accounts for the Period Ended Jan - Dec 2011

Bonds & Investors NewsBeat

The Nigerian Bond Watch @ 040612 – DLM

Dangote Cement starts on Lines 3 & 4, Obajana

Sentiment Analysis Report on Companies

Transcorp Plc Sentiment Analysis Report – W/E 010612

GUARANTY Plc Sentiment Analysis Report - W/E 010612

MAYBAKER Plc Sentiment Analysis Report - W/E 010612

FIDSON Plc Sentiment Analysis Report - W/E 010612

FCMB Plc Sentiment Analysis Report - W/E 010612

NASCON Plc Sentiment Analysis Report - W/E 010612