The two-week full suspension (from Wednesday, May 23) announced by the Nigerian Stock Exchange (NSE) on the shares of Prestige Assurance Plc ended on Wednesday, June 6, 2018.
As announced by the NSE management earlier, “trading in the shares of the Company will resume on Thursday, 7 June 2018.”
The approval was to allow for a share capital reconstruction as requested by the company’s board, for the second time this year.
A statement by the NSE had notified dealing members “that the ordinary shares of Prestige Assurance Plc (the Company) was suspended from trading on The Floor of The Exchange effective Wednesday, 23 May 2018 to Wednesday, 6 June 2018.”
The statement 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.”