NSE lifts suspension on R.T. Briscoe shares

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Employees work at computer terminals on the trading floor at the Nigerian Stock Exchange (NSE) in Lagos, Nigeria, on Monday, Oct. 26, 2015. Nigeria plans to create a $25 billion fund with public and private financing to modernize infrastructure and avoid a recession, Vice President Yemi Osinbajo said. Photographer: George Osodi/Bloomberg

The Nigerian Stock Exchange (NSE) has lifted the suspension of R.T. Briscoe (Nigeria) Plc shares on the trading floor following company’s submission of its audited and interim financial statements.

In a notice, signed by the Head of Listings Regulation Department, NSE, Godstime Iwenekhai, stated that the suspension placed on trading on the shares of R.T. Briscoe Nigeria was lifted yesterday, Wednesday, September 18, 2019.

Recall that the company was among one of the 11 companies suspended on July 2, 2019, for failure to submit their financial statements as and when due.

According to the statement, “In view of the Company’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.”

However, R.T. Briscoe Nigeria is currently trading N0.29 on the floor of the Exchange.

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