MARKET BULLETIN: NOTIFICATION OF REGULATORY DELISTING OF THREE LISTED COMPANIES
18 July 2024 NGXREG/IRD/MB45/24/07/18
The Nigerian Exchange Limited (NGX) has announced the delisting of three companies, effective 18 July 2024, due to non-compliance with listing standards. The companies are:
1. Niger Insurance Plc
2. Resort Savings and Loans Plc
3. RAK Unity Petroleum Plc
This action is in accordance with Clause 15 of the General Undertaking, Appendix III of the Rule Book of The Exchange, 2015, Part II, Issuers' Rules, which allows the Exchange to delist companies that do not meet public interest requirements, fail to comply with terms and conditions, or become subsidiaries of other companies.
For further information and records update:
Godstime Iwenekhai
Head, Issuer Regulation Department
18 July 2024 NGXREG/IRD/MB45/24/07/18
The Nigerian Exchange Limited (NGX) has announced the delisting of three companies, effective 18 July 2024, due to non-compliance with listing standards. The companies are:
1. Niger Insurance Plc
2. Resort Savings and Loans Plc
3. RAK Unity Petroleum Plc
This action is in accordance with Clause 15 of the General Undertaking, Appendix III of the Rule Book of The Exchange, 2015, Part II, Issuers' Rules, which allows the Exchange to delist companies that do not meet public interest requirements, fail to comply with terms and conditions, or become subsidiaries of other companies.
For further information and records update:
Godstime Iwenekhai
Head, Issuer Regulation Department