Equity Assurance Plc’s shares can now be traded on the floor of the Nigerian Stock Exchange (NSE).
The NSE in a market bulletin obtained from its official website at the weekend said the trading suspension earlier placed on Equity Assurance was lifted on Friday 14th July.
The NSE had suspended 17 company’s shares from trading on its floors on the 5th of July for failing to file their relevant accounts as at when due.
This brings to total, two recalled companies, as the NSE had announced last week the pardon of Sovereign Trust Insurance Plc after the company filed its results satisfactorily.
The market bulletin signed by the NSE’s Acting Head, Listings Regulation Department Mr Godstime Iwenekhai further disclosed that the trade restriction on Equity Assurance shares was removed on Friday after the company submitted its audited accounts for the period ended December 31, 2016 on July 13, 2017.
“In view of the submission of the relevant accounts and our satisfaction that the accounts complied with our applicable rules, The Exchange has lifted the suspension of trading in the shares of Equity Assurance Plc,” the statement said.
The NSE also explained that the suspension was lifted pursuant to Rule 3.3, Rules for Filing of Accounts and Treatment of Default Filing, Rulebook of The Exchange (Issuers’ 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.
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