The securities of Air Liquide Plc have been admitted to trade on the NASD OTC market. This implies that shareholders of this company trade the shares of the unlisted public company at the NASD OTC market.
The company’s securities were introduced by Anchoria Investment Limited and are identified with the security code SDAIRLIQ.
Air Liquide Plc has issued and fully paid up 180 million ordinary shares at a nominal value of N0.50 per share. The entry price is N4.89 per share.
While notifying the market stakeholders on this development, the NASD OTC Plc said “All participating Institutions (PI) are expected to notify their clients of this development. The Secretaries/Registrar is Marina Nominees Limited and demateralisation can start immediately.”
As at Friday, September 9, 2016, the index of the NASD OTC market closed at 614.09 points, down 4.82 percent when compared to previous close of 645.21 points.
In a related development, the NASD has admitted two new authorised traders to NASD OTC market. It said “We are pleased to welcome the two (2) Authorised Traders who have completed their induction. The individuals have completed their membership requirements with the NASD OTC and are eligible to trade any of the 31 securities on the OTC Market.”
The Authorized Trader and their Participating Institutions are: Adeniyi Olugbenga Opeodu (Tyndale Securities Limited); and Ayobami Kayode Oladosu (ARM Securities Limited).
Iheanyi Nwachukwu
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