Union Dicon Salt plc and five other listed companies were on Monday suspended from trading their shares in the bourse (Stock Exchange) by the Nigerian Stock Exchange (NSE).
The NSE stated that the companies were suspended due to failure of filing relevant details of their accounts to the Exchange as stipulated by market regulations.
In a circular released to the market and signed by Head Listings Regulation Department, NSE, Godstime Iwenekhai, said: “The suspended companies are DN Tyre & Rubber Plc, FTN Cocoa Processors Plc, International Energy Insurance Plc, Thomas Wyatt Nigeria Plc, Union Dicon Salt Plc and Unic Diversified Holdings Plc.”
“Trading in the shares of the companies listed below have been suspended effective today, 8 October 2018: DN Tyre & Rubber Plc, FTN Cocoa Processors Plc, International Energy Insurance Plc, Thomas Wyatt Nigeria Plc, Union Dicon Salt Plc and Unic Diversified Holdings Plc,” the circular reads.
It added that: “The suspension of the above listed companies will only be lifted upon the submission of the relevant accounts and provided the exchange is satisfied that the accounts comply with all applicable rules of the exchange.”