Ikeja Hotel Plc - Suspension of Trading on Shares


Monday, November 14, 2016/8.08 AM /NSE

Dealing Members are hereby notified that pursuant to the Provisions of Rule 15.45: Suspension on Trading of Securities, Rulebook of The Exchange, 2015 (Dealing Members’ Rules) full suspension has been placed on trading in the shares of Ikeja Hotel Plc (“the Company”) with effect from today, 10 November 2016.

The Nigerian Stock Exchange has taken this action to safeguard the investments of shareholders of Ikeja Hotel Plc following the continued dispute between the major shareholders which has negatively impacted on the Company’s governance structure.

The Securities and Exchange Commission (SEC) has been notified of this development and the suspension will be in place until further notice.

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