The NGX Regulations Limited has lifted the suspension it placed on trading in the shares of International Energy Insurance Plc after more than four years.
This disclosed in a Market Bulletin, NGXREG/LRD/MB1/23/01/18 dated 18th January 2023 signed by Godstime Iwenekhai, Head, Listings Regulation Department,
The Market Bulletin read in part, “We refer to our Market Bulletin dated 8 October 2018 with Reference Number: NSE/RD/LRD/MB1/18/10/08 wherein we notified Trading License Holders and the investing public of the suspension in the trading on the securities of International Energy Insurance Plc (IEI or the Company) for non-compliance with the provisions of Rule 3.1: Rules for Filing of Accounts and Treatment of Default Filing,
According to the Exchange, the outstanding financial statements have been submitted by the company.
“In view of the Company’s submission of the outstanding financial statements, 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
“Trading License Holders and the investing public are hereby notified that the suspension placed on trading on the shares of International Energy Insurance Plc was lifted today, 18 January 2023,” it stated.
Ifunanya Ikueze is an Engineer, Safety Professional, Writer, Investor, Entrepreneur and Educator.