NSE Lifts Suspension on Unity Bank’s Shares

NSE Lifts Suspension on Unity Bank’s Shares

The Nigerian Stock Exchange (NSE) has lifted suspension in the trading of Unity Bank’s shares following the submission of its outstanding Audited and Interim Financial Statements to The Exchange.

The Exchange in a statement signed by Head, Listings Regulation Department, Godstime Iwenekhai, said “We refer to our Market Bulletin dated 1 November 2018 notifying the public 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.”

It also stated that upon the submission of the required documents which the Exchange is satisfied and so the suspension is lifted “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.

It added “The Exchange shall thereafter also announce through the medium by which the public and the SEC was initially notified of the suspension. The general public is hereby notified that the suspension placed in the trading of the Bank’s shares was lifted today, 2 November 2018.”

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