The Nigerian Stock Exchange (NSE) has suspended trading in the shares of Thomas Wyatt Nigeria Plc (NSE – THOMASWY) with an effective date Wednesday, 6 January 2021.
Trading in the shares of the company was suspended in pursuant to Rule 3.1, Rules for Filing of Accounts and Treatment of Default Filing Rules according to the notification sent the Exchange to dealing members. On Wednesday.
The notification read in part “the shares of Thomas Wyatt Nigeria Plc (Thomas Wyatt) 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.”
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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.”
The equity price of THOMASWY has remained flat at N0.35 per share since January 2020.
The last financial statements released by Thomas Wyatt Nigeria Plc was its Q3 accounts, for the period 31 December 2019, inline with its financial year. The company reported a revenue of N58.99 million and loss after tax of N42.33 million for the period.
Thomas Wyatt Nigeria Plc was incorporated on 18 March 1948 and listed on the NSE on 26 October 1978. The company is into the business of Manufacturing and Distribution of school exercise books, hard cover note books and pads, drawing books, envelopes, etc.
By: Ifunanya Ikueze