NGX LIFTS SUSPENSION ON SECURE ELECTRONIC TECHNOLOGY
The Nigerian Exchange (NGX) Limited has lifted the suspension on Secure Electronic Technology Plc, which had been in place since last Monday.
Background:
- Suspension Reason: Secure Electronic Technology Plc and seven other companies were suspended for failing to file their audited financial statements for the year ended December 31, 2023.
- Other Companies Suspended: Unity Bank, C & I Leasing, Guinea Insurance, Lasaco Assurance, Mutual Benefits Assurance, NPF Microfinance Bank, and Regency Alliance Insurance.
Resolution:
- Compliance Achieved: Secure Electronic Technology Plc has now submitted its Audited Financial Statements for the year ended December 31, 2023 (2023 AFS).
- NGX Statement: The NGX confirmed that the suspension was lifted on Friday, July 12, 2024, upon the submission of the required financial documents, which comply with all applicable rules.
Key Points from NGX Notice:
- Rule 3.3 of the Default Filing Rules: 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 with their compliance.
- Trading Resumption: Investors can now freely trade the shares of Secure Electronic Technology Plc.
Related Developments:
- Secure Electronic Technology and Dangote Sugar Top Losers' Chart: This followed an index decline of 0.19%.
- NGX Year-to-Date Return: Increased to 39.95% after a 0.25% gain on the previous Friday.
- Market Performance: The market rose by 0.17%, with Ellah Lakes being the best-performing stock.
The Nigerian Exchange (NGX) Limited has lifted the suspension on Secure Electronic Technology Plc, which had been in place since last Monday.
Background:
- Suspension Reason: Secure Electronic Technology Plc and seven other companies were suspended for failing to file their audited financial statements for the year ended December 31, 2023.
- Other Companies Suspended: Unity Bank, C & I Leasing, Guinea Insurance, Lasaco Assurance, Mutual Benefits Assurance, NPF Microfinance Bank, and Regency Alliance Insurance.
Resolution:
- Compliance Achieved: Secure Electronic Technology Plc has now submitted its Audited Financial Statements for the year ended December 31, 2023 (2023 AFS).
- NGX Statement: The NGX confirmed that the suspension was lifted on Friday, July 12, 2024, upon the submission of the required financial documents, which comply with all applicable rules.
Key Points from NGX Notice:
- Rule 3.3 of the Default Filing Rules: 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 with their compliance.
- Trading Resumption: Investors can now freely trade the shares of Secure Electronic Technology Plc.
Related Developments:
- Secure Electronic Technology and Dangote Sugar Top Losers' Chart: This followed an index decline of 0.19%.
- NGX Year-to-Date Return: Increased to 39.95% after a 0.25% gain on the previous Friday.
- Market Performance: The market rose by 0.17%, with Ellah Lakes being the best-performing stock.