• Friday, March 29, 2024
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NSE places Newrest ASL shares on full suspension

Newrest ASL

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.

“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