NGX Places ROYALEX, TOURIST and 2 Others on Suspension Effective July 02, 2021

Proshare

Sunday, July 04, 2021 / 02:54 AM / By NGX/ Header Image Credit: EcoGraphics

 

The investing public are hereby notified that pursuant to Rule 3.1, Rules for Filing of Accounts and Treatment of Default Filing, (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 Issue's securities; and

 

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

 

Trading in the shares of the four (4) companies below has been suspended from the facilities of the Nigerian Exchange Limited (the Exchange) effective on Friday, 2 July 2021 having failed to file their Audited Financial Statements for the year ended 31 December 2020.

 

1. African Alliance Insurance Plc

2. Niger Insurance Plc

3. Royal Exchange Plc

4. The Tourist Company of Nigeria Plc

 

In accordance with the Default Filing Rules set forth above, the suspension of trading in the shares of the above mentioned companies will only be lifted upon the submission of the relevant accounts, provided NGX Regulation Limited is satisfied that the accounts comply with all applicable rules of the Exchange.


 Proshare Nigeria Pvt. Ltd.


Related News

  1. African Alliance Insurance Plc Announces Delay in Filing FY 2017 and Q1 2018 Reports
  2. African Alliance Insurance Plc Announces Delay in Filing Q1 2018 Reports
  3. African Alliance Insurance Plc Issues Notice of 49th Annual General Meeting
  4. NSE Lifts Suspension Placed on Trading in the Shares of Niger Insurance Plc
  5. NSE Lifts Suspension Placed on Trading In The Shares of Guinea Insurance Plc and Niger Insurance Plc
  6. Niger Insurance Plc Notifies On the Filing of Its FY 2017 and Q1 2018 Results
  7. Royal Exchange Plc Notifies of Completion of Investment By InsuResilience Investment Fund
  8. NSE Lifts Suspension Placed On Trading In The Shares Of Royal Exchange Plc
  9. Royal Exchange Plc Announces Delay in Filing FY 2017 and Q1 2018 Reports
  10. Dissecting the Financial Results of Companies in Nigeria's Hospitality Sector - TOURIST
  11. TOURIST Declares N6.5bn loss in Q4 2020 Results, (SP:N2.84k)

 

 Proshare Nigeria Pvt. Ltd.


Proshare Nigeria Pvt. Ltd.


Proshare Nigeria Pvt. Ltd.

READ MORE:
Related News
SCROLL TO TOP