THUR, FEBRUARY 28 2019-theG&BJournal- The Nigerian Stock Exchange (NSE) has announced the full suspension of trading in the Shares of Newrest ASL Plc, a specialist in out-of-home food service company, from the Daily Official List of The Exchange.
The suspension follows the application filed by Newrest ASL Nigeria Plc for voluntary delisting of the entire 634,000,000 ordinary shares of the Company from the Daily Official List of The Exchange. The company’s decision was filed in the Market Bulletin of 19 February 2019, with reference number: NSE/RD/LRD/MB14/19/2/19.
‘’Dealing Members are hereby notified that further to The Exchange’s approval of the applicationfor voluntary delisting of the Company, the shares of Newrest ASL were today, Wednesday, 27 February2019 placed on full suspension,’’ The NSE alerted.
The NSE said; ‘’This suspension 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, NSE said.
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