NSE Notifies of the Lifting of Suspension Placed in the Trading of ROYALEX Shares


Friday, July 20, 2018 /1:20PM/NSE 

We refer our Market Bulletin dated 5 July 2018 notifying the public of the suspension of eight (8) listed companies for non-compliance with Rule 3.1, Rules for Filing of Accounts and Treatment of Default Filing, Rulebook of The Exchange (Issuers’ Rules) (”Default Filing Rules”), which provides that;”If an Issuer fails to file the relevant accounts by the expiration of the Cure Period, The Exchange will:

(a)  Send to the Issuer a ”Second Filing Deficiency Notification” within two (2) business days after the end of the Cure Period;

(b)  Suspend trading in the Issuer’s securities; and

(c)   Notify the Securities and Exchange Commission (SEC) and the Market within twenty- four (24) hours of the suspension.”

Royal Exchange Plc (the Company) which was one of the companies suspended has submitted its Audited Financial Statement for the year ended 31 December 2017. In view of the submission of its accounts and pursuant to Rule 3.3 of the Default Filing Rules, which provides that; ”The suspension of trading in the issuer’s securities shall be lifted upon submission of the relevant accounts provided The Exchange is satisfied that the accounts comply with all applicable rules of The Exchange. 

The Exchange shall thereafter also announce through the medium by which the public and the SEC was initially notified of the suspension”; the general public is hereby notified that the suspension placed in the trading of the Company’s shares has been lifted effective today, 20 July 2018. 

This is for your information and update.


Proshare Nigeria Pvt. Ltd.

Related News

1.       NSE Sets to Host 6th Nigerian Capital Market Information Security Forum

2.      Regional Stock Markets in Reverse

3.      The Benefits of the NSE New Market Structure

4.      Domestic and Foreign Portfolio Participation in Equity Trading – May 2018

5.      NSE Partners Kinabuti to Promote Financial Literacy and Entrepreneurship amongst Youths

6.      2018 ASEA Annual Conference To Be Held On November 26 and 27

7.      Market Closes June 2018 in Green; Records 0.09 Gain in H1 2018

8.     NSE Reviews Equities Market Structure to Improve Liquidity and Participation

9.      5th #NSELSEConference discusses Attracting Global Capital for Nigeria’s Economic Development

10.  Market Closes May 2018 in Red; Records -0.36 YTD Loss

11.   NSE, LSE Set to Host 5th Dual Listing Conference in Lagos

12.  CSCS holds 24th AGM, pays shareholders 70k dividend

13.  New Rules on Suspension of Trading in Listed Securities – Matters Arising

14.  Domestic and Foreign Portfolio Participation in Equity Trading – April 2018



Related News