NSE Suspends Trading of Prestige Assurance Shares

By Modupe Gbadeyanka

Trading in the shares of Prestige Assurance Plc on the floor of the Nigerian Stock Exchange (NSE) has been put on hold for now.

This is to enable the company’s registrars update the register of shareholders for the planned Share Capital Reconstruction of the firm.

The suspension commenced on Friday, March 23, 2018 and will be in effect till Tuesday, March 27, 2018.

“Prestige Assurance Plc has been placed on full suspension of its ordinary shares on the floor of the NSE.

“Dealing members are hereby notified that the ordinary shares of Prestige Assurance Plc will be suspended from trading on the floor of the Exchange effective Friday, March 23, 2018 to Tuesday, March 27, 2018.

“This is to enable the company’s registrar to update the Register of shareholders for the planned Share Capital Reconstruction of the Company,” a statement issued by the stock market regulatory agency disclosed.

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Modupe Gbadeyanka

Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.