Reconstruction: NSE Suspends Trading On Prestige Assurance Shares

As announced over the weekend, the management of Nigerian Stock Exchange (NSE), on Wednesday suspended trading on the ordinary shares of Prestige Assurance Plc (the Company) until Wednesday, 6 June 2018.
In a notice to dealing members, the NSE recalled “that trading in the shares of the Company was suspended from Friday, 23 March 2018 to Tuesday, 27 March 2018 for the purpose of the Share Capital Reconstruction, but Prestige Assurance Plc via an announcement to the general public on Friday, 18 May 2018 stated that the exercise could not be concluded during that period and informed its shareholders and the general public that the exercise is now scheduled for Wednesday, 23 May 2018 to Wednesday, 6 June 2018 to enable its Registrar complete the Share Capital Reconstruction exercise.
“Trading in the shares of the Company will resume on Thursday, 7 June 2018,” the NSE added. READ MORE

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