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Sunday, November 29, 2020
/05:02 AM / by NSE / Header Image Credit: FTN Cocoa Processors Plc
We refer to our Market Bulletin dated 1 September 2020 with Reference
Number: NSE/RD/LRD/MB43/20/09/01, wherein we notified Dealing Members 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."
FTN
Cocoa Processors Plc, one (1) of the six (6) listed companies that were
suspended on 1 September 2020, has now filed its outstanding financial
statements with The Exchange.
In view of the Company's submission of its outstanding
financial statements, and pursuant to Rule 3.3, of the Default Filing 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 and the SEC was initially notified of the suspension, that the
suspension has been lifted", Dealing Members are hereby notified that the
suspension placed on trading on the shares of FTN Cocoa Processors Plc was
lifted on Friday, 27 November 2020.
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