The Nigerian Stock Exchange has notified the investing public of the suspension of the trading of the shares of Thomas Wyatt Nigeria Plc.
According the statement by NSE available on its official website, the Exchange stated thus:
“Pursuant to Rule 3.1, Rules for Filing of Accounts and Treatment of Default Filing, which provides that: “If an Issuer fails to file the relevant accounts by the expiration of the Cure Period, The Exchange will: a) Send to the Issuer a “Second Filing Deficiency Notification” within two (2) business days after the end of the Cure Period; b) Suspend trading in the Issuer’s securities; and c) Notify the Securities and Exchange Commission (SEC) and the Market within twenty-four (24) hours of the suspension”, the shares of Thomas Wyatt Nigeria Plc has been suspended from trading via the facilities of The Exchange, effective today, Wednesday, 6 January 2021 having failed to file its Audited Financial Statements for the year ended 31 March 2020.
“In accordance with the provisions of the Default Filing Rules set forth above, the suspension of trading in the shares of Thomas Wyatt will only be lifted upon the submission of the relevant accounts and provided The Exchange is satisfied that the accounts comply with all applicable rules of The Exchange”.