NSE Lifts Suspension Placed on The Trading in The Shares of Unity Bank Plc

Proshare

Friday, November 02, 2018 11:19 AM / NSE

 

Refer to the Market Bulletin dated 1 November 2018 notifying the public of the suspension of six (6) 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.”

 

Unity Bank Plc (the Company) which was amongst the companies suspended has submitted its outstanding Audited and Interim Financial Statements to The Exchange. 

In view of the submission of the Company’s 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 Bank’s shares was lifted today, 2 November 2018. This is for your information and update.

 

Proshare Nigeria Pvt. Ltd.

 

Related News

  1. Unity Bank PLC IR Page - TheAnalyst
  2. UNITYBNK Releases Q1, Q2 and Q3 2018 Results; Declares N585.84m PAT in Q3 (SP:N0.78k)
  3. UNITYBNK Declares N14.92bn Loss in 2017 Audited Results as Interest Income Grows by 25% (SP:N0.78k)
  4. NSE Suspends UNITYBNK, FORTISMFB and Four Other Listed Companies From Trading Effective Today
  5. Why These Listed Companies Have Delayed Filing Results ... - Proshare May 31, 2018
  6. Unity Bank Plc Announces Delay in Filing Q1 2018 Reports
  7. Unity Bank Plc Appoints Mr. Usman Abdulqadir and Mr Ebenezer Kolawole as Executive Directors
  8. Unity Bank Plc Announces Delay in Filing FY 2017 Financial Statements
  9. Unity Bank Plc Responds to Various Publications on Milost USD1bn Proposed Investment
  10. Unity Bank Clarifies Speculation on Investment of USD1bn from Milost Global Inc
  11. Milost Plans $1 Billion Investment in Unity Bank Plc
  12. Unitykapital Assurance Plc Notifies on Change of Name
  13. Unity Bank Plc Announces Retirement of Mrs. Aisha Abraham from its Board
  14. Unity Bank Plc Appoints Alhaji Hafiz Mohammed Bashir as Non- Executive Director
  15. UNITYBNK Declares N2.45 billion PAT in Q3''17 Result,(SP:N0.52k)

READ MORE:
Related News
SCROLL TO TOP