NSE Lifts Suspension on R.T. Briscoe Shares
By Umoru Abdulkadir
The Nigerian Stock Exchange (NSE) on Wednesday announced that it has lifted the suspension it had earlier placed on the shares of R.T. Briscoe Nigeria Plc.
According to the statement, the exchange stated that the suspension of the Issuer’s securities was lifted based on the submission of the relevant accounts.
“In view of the Briscoe’s submission of its Audited Financial Statements, and pursuant to Rule 3.3 of the Default Filing Rules, which provides 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.”
“The Exchange shall thereafter also announce through the medium by which the public and the SEC was initially notified of the suspension.”
R.T Briscoe was suspended from trading its shares alongside 10 other companies on July 2, 2019 for failure to submit their financial statements.
Other companies suspended along R.T. Briscoe, were FTN Cocoa Processors Plc, Goldlink Insurance Plc, Guinea Insurance Plc, LASACO Assurance Plc, Niger Insurance Plc, Conoil Plc, Resort Savings & Loans Plc, Royal Exchange Plc, Standard Alliance Insurance Plc, andUniversal Insurance Plc.
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