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Voluntary Delisting: NGSE Suspends Newrest ASL

The Nigerian Stock Exchange (NSE), on Wednesday, February 27, 2019, announced full suspension of trading in the shares of Newrest ASL Plc following its February 19, 2019, application for voluntary delisting of its entire, 634,000,000 ordinary shares from its Daily Official List.
The Exchange notified its dealing member firms that further to approval of the application, “the shares of Newrest ASL were today, Wednesday, 27 February 2019 placed on full suspension.”
This suspension, the exchange explained, “is required to prevent further trading in the shares of Newrest ASL, and in order for the Company to comply with the post-approval requirements which will precede the final delisting of the company from the Daily Official List of The Exchange.
“Dealing Members will be notified of the date of the Company’s delisting in due course.”

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