NGX Lifts Suspension Placed on Trading in the Shares of Chellarams Plc

Proshare

Sunday November 14, 2021 / 03:19 AM / by NGX/ Header Image Credit:  Chellarams Plc

 

We refer to our Market Bulletin dated 30 September 2021 with Reference Number: NGXREG/LRD/MB38/21/09/30, wherein we notifiedthe Investing Public of the suspension of Chellarams Plc in line with the provisions of Rule 7.1(b): Rules for Listing on the Growth Board of the Nigerian Exchange Limited (the Exchange) (Growth Board Rules) which states 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".

 

Chellarams Plc has now filed its Audited Financial Statements for the year ended 31 March 2021 and Unaudited Financial Statements for the quarter ended 30 June 2021.

 

In view of Chellarams Plc's submission of these financial statements, and pursuant to Rule 7.3 of the Growth Board Rules, which states 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 was initially notified of the suspension, that the suspension has been lifted", Trading Licence Holders and the Investing Public are hereby notified that the suspension placed on trading on the shares of Chellarams Plc was lifted today, Friday, 12 November 2021.

 

One Year Share Price Movement

Proshare Nigeria Pvt. Ltd.

Proshare Nigeria Pvt. Ltd.



Related News

  1. CHELLARAMS Releases Q1 and Q2 2022 Results; Reports N186m Loss in Q2 2022, (SP:N2.78k)
  2. Chellarams Plc Reports N3.8bn Loss in 2021 Audited Results,(SP:N2.78k)
  3. NGX Suspends Trading in the Shares of Chellarams Plc Effective Sept 30th 2021
  4. CHELLARAMS Declares N1bn Loss in Q3 2020 Results, (SP:N2.26k)
  5. CHELLARAMS Declares N615m Loss in Q2 2020 Results, (SP:N2.78k)
  6. CHELLARAMS declares N433m Loss in Q1 2020 Results, (SP:N2.78k)
  7. CHELLARAMS declares N3.9bn Loss in 2019 Audited Results, (SP:N2.78k)
  8. CHELLARAMS declares N1.5bn Loss in Q3 2019 Results, (SP:N3.08k)
  9. CHELLARAMS declares N1.07bn Loss in Q2 2019 Results, (SP:N3.08k)
  10. CHELLARAMS Declares N0.41m Loss in Q1 2019 Results,(SP:N3.08k)

 

 Proshare Nigeria Pvt. Ltd.



Proshare Nigeria Pvt. Ltd.





Proshare Nigeria Pvt. Ltd.


Proshare Nigeria Pvt. Ltd.

READ MORE:
Related News
SCROLL TO TOP