NSE Lifts Suspension Placed on Trading in the Shares of Niger Insurance Plc

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Sunday, December 13, 2020 05:58 AM /by NSE/ Header Image Credit:  Niger Insurance 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."

 

Niger Insurance 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 Niger Insurance Plc was lifted today, Thursday, 10 December 2020.

 

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Related to Niger Insurance Plc

  1. NIGERINS Declares N27.8m Loss in Q3 2020 Results, (SP:N0.20k)
  2. NIGERINS Releases Q1 2020 and Q2 2020 Results, Declares N34.3m PAT in Q2, (SP:N0.20k)
  3. NSE Lifts Suspension Placed on Trading In The Shares of Guinea Insurance Plc and Niger Insurance Plc
  4. Niger Insurance Plc Notifies On the Filing of Its FY 2017 and Q1 2018 Results
  5. Niger Insurance Plc to Hold Its 48th AGM on 23rd July, 2018
  6. Niger Insurance Plc Announces Delay in Filing FY 2017 Financial Statements
  7. Niger Insurance Plc: Bell Ringing Ceremony

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