Business Nigerian Stock Exchange To Delist Starcomms, Daar Communications, Mtech, Capita Oil and Others

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According to reports on the Business Day website, the Quotation Committee of The Nigerian Stock Exchange approved the delisting of several companies.

Below From Business Day

The Quotations Committee of the National Council of the Nigerian Stock Exchange (NSE), on Monday, June 2, 2014, approved the delisting of some entities from the Daily Official List pursuant to the provisions of the Greenbook (Listing Rules) of the Exchange, specifically, Clause 15 of the General Undertaking.

The Exchange decided to delist these entities because of their failure to file quarterly and annual financial statements as required under the Listing Rules. This regulatory action is necessary in order to protect the investing public from trading in the securities of entities with no current information regarding their financial status.

These entities are: Starcomms plc, Daar Communication plc, Investment and Allied Insurance plc, Goldlink Insurance plc, Pinnacle Point Group plc, Adswitch Plc, Afroil plc, Rokanna Industry plc, IPWA plc, West African Glass Industry plc, Nigeria Wire & Cable plc, UTC plc, FTN Cocoa Processing plc, G.Cappa plc, Big Treat plc, and Mtech plc.

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Source: #BusinessDay Newspaper
 
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