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Wednesday, October 18, 2017 11.48AM / The Analyst
NSE Suspends Trading in the Shares of Oando Plc on SEC Directive – NSE
Release
The
Securities and Exchange Commission has directed The Nigerian Stock Exchange to
suspend trading in the shares of Oando Plc as follows:
1.
Effective for forty-eight (48) hours from today, 18 October 2017 to 20 October
2017, The Exchange should implement a full suspension in the trading of the
shares of Oando Plc; and
2.
Effective from 20 October 2017 and until further directive, The Exchange should
implement a technical suspension in the shares of Oando Plc. A full suspension
is the halt of trading activities in a listed security for a period.
A
technical suspension is the interruption of price movement in a listed security
for a period so that any dealings in the securities which occur during the
period of the suspension will not result in any change in price, which change
may have occurred had the suspension not been implemented.
In
the 48-hour period commencing today, there will be no trading in the shares of
Oando Plc. Thereafter, effective 20 October 2017, investors will be able to
trade in Oando Plc’s shares but such trading will not result in any movement in
the price of the shares.
The
above is for your information and records update please.