In a statement signed by the Head, Listing Regulations Department, Godstime IweneKai, on Monday, the exchange notified dealing members that in pursuant to Rule 3.1, Rules for Filing of Accounts and Treatment of Default Filing, Rulebook of The Exchange (Issuers Rules) (Default Filing Rules) the suspension was carried out.
The companies are DN Tyre & Rubber Plc, FTN Cocoa Processors Plc, International Energy Insurance Plc, Thomas Wyatt Nigeria Plc, Union Dicon Salt Plc, and Unic Diversified Holdings Plc.
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According to the rule, an issuer that fails to file the relevant accounts by the expiration of the Cure Period, the Exchange would send to the Issuer a second Filing Deficiency Notification within two business days after the end of the Cure Period.
Also, the local nurse would Suspend trading in the Issuer securities; and notify the Securities and Exchange Commission (SEC) and the Market within 24 hours of the suspension.
However, the NSE noted that in accordance with the rules, the suspension of the listed companies will only be lifted upon the submission of the relevant accounts and provided The Exchange is satisfied that the accounts comply with all applicable rules of The Exchange.
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