The Nigerian Exchange (NGX) has notified the investing public that it has lifted the suspension placed on trading in the shares of C & I Leasing Plc.
The Nigerian Exchange stated thus:
We refer to our Market Bulletin dated 8 July 2024 with Reference Number: NGXREG/IRD/MB35/24/07/08 wherein we notified Trading License Holders and the investing public of the suspension in the trading on the securities of C & I Leasing Plc (the Company) in line with the provisions of Rule 3.1: Rules for Filing of Accounts and Treatment of Default Filing (Default Filing Rules), which provides that:
“If an Issuer fails to file the relevant accounts by the expiration of the Cure Period, the Exchange will:
- Send to the Issuer a “Second Filing Deficiency Notification” within two (2) business days after the end of the Cure Period;
- Suspend trading in the Issuer’s securities; and
- Notify the Securities and Exchange Commission (SEC) and the Market within twenty- four (24) hours of the suspension”.
C & I Leasing Plc has now filed its Audited Financial Statements for the year ended 31 December 2023 (2023 AFS).
In view of the Company’s submission of its 2023 AFS, and pursuant to Rule 3.3 of the Default Filing Rules, which states 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, that the suspension has been lifted”, Trading License Holders and the investing public are hereby notified that the suspension placed on trading on the shares of C & I Leasing Plc was lifted on Thursday, 1 August 2024.