The Nigerian Stock Exchange (NSE) has placed on full suspension, the trading in the shares of Newrest ASL Plc. The shares of Newrest ASL were on Wednesday February 27, 2019 placed on full suspension, the NSE said in a notice signed by Godstime Iwenekhai, Head, Listings Regulation Department.

In the Market Bulletin of February 19, 2019 with reference number (NSE/RD/LRD/MB14/19/2/19), the market was notified of the application filed by Newrest ASL Nigeria Plc for voluntary delisting of the entire 634,000,000 ordinary shares of the Company from the Daily Official List of The Exchange.

The full suspension follows the Exchange’s approval of the application for voluntary delisting of the Company.

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“This suspension is required to prevent further trading in the shares of Newrest ASL, and in order for the Company to comply with the post-approval requirements which will precede the final delisting of the Company from the Daily Official List of The Exchange,” according to Iwenekhai. “Dealing Members will be notified of the date of the Company’s delisting in due course,” Iwenekhai noted.

 

Iheanyi Nwachukwu

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Iheanyi Nwachukwu, is a creative content writer with almost two decades journalism experience writing on banking, finance, capital markets, and tax. The multiple awards winning journalist is Assistant Editor, BusinessDay. Iheanyi holds BSc Degree in Economics from Imo State University; Master of Science (MSc) Degree in Management from University of Lagos. Iheanyi has attended several work-related trainings including (i) Advanced Writing and Reporting Skills (Pan African University, Lagos); (ii) News Agency Journalism (Indian Institute of Mass Communication {IIMC}, New Delhi, India); and (iii) Capital Markets Development and Regulations (International Law Institute {ILI} of Georgetown University, Washington DC, USA). Other trainings Iheanyi attended include: Economic/Political Risk Analysis (By Thomson Reuters Foundation); International Financial Journalism (IFJ) (By PMA Media Training, UK); Effective Business Writing Skills (By Phillips Consulting); Reporting on Corporate Governance (By International Finance Corporation (IFC) & Thomson Reuters Foundation UK); etc. In addition, he has participated in high-level economy & markets events in Dubai, South Africa, Morocco, and other African countries like Zambia, Ghana and Gambia.

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