NSE Halts Suspension On Standard Alliance Insurance Shares

NSE Halts Suspension On Standard Alliance Insurance Shares

File: Floor of Nigerian Stock Exchange The Nigerian Stock Exchange has lifted the suspension on trading in the shares of Standard Alliance Insurance Plc.

Head of Listings Regulation Department of the NSE Godstime Iwenekhai noted this on Wednesday.

The firm was handed the suspension on July 5, 2018, over non-compliance with rule 3.1 of the Exchange (Issuers’ Rules).

According to the NSE, “In view of the submission of its accounts and pursuant to rule 3.3 of the Default Filing Rules, which provides 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.

“The general public is hereby notified that the suspension placed in the trading of the company’s shares has been lifted effective today, Wednesday, 29 August 2018.”

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