Sunu Assurances Nigeria Plc
Trading on the shares of Sunu Assurances Nigeria Plc (NSE – SUNUASSUR) on the floor of the Nigerian Stock Exchange was suspended on Monday. The suspension follows a proposed share capital reconstruction of the company as contained in the market bulletin of 15 October 2020 with reference number: NSE/RD/LRD/MB55/20/10/15, issued by the Exchange to Dealing Members.
In its notification to the dealing members, the Exchange said the full suspension on trading in the shares of Sunu Assurances Nigeria Plc is “necessary to allow for closure of the Company’s register of members in order to determine shareholders eligible for the share capital reconstruction as at the Qualification Date of 16 October 2020.”
The period of the suspension is from 19 October 2020 to 30 October 2020, according to the Exchange.
SUNUASSUR had remained on a flatline at N0.20 per share since 12 August 2020.
The company has 14 billion outstanding shares and a market capitalization of N2.8 billion.
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Union Dicon Salt PLc
NSE has lifted the suspension placed on trading in the Shares of Union Dicon Salt Plc (NSE – UNIONDICON). The Exchange lifted the suspension on Monday, 19 October 2020, as the company has filed its outstanding financial statements with The Exchange.
The suspension was announced in a Market Bulletin dated 1 September 2020 with Reference Number: NSE/RD/LRD/MB43/20/09/01, to dealing members wherein Union Dicon Salt was among the six companies suspended due to non-compliance with Rule 3.1, Rules for Filing of Accounts.
UNIONDICON had remained on a flatline at N10.95 per share since 9 January 2020.
By; Ifunanya Ikueze