By Dipo Olowookere
The Nigerian Stock Exchange (NSE) has suspended trading in the shares of First Aluminium Nigeria Plc on its platform.
This followed the request of the company ahead of its planned voluntary delisting on the main board of the local bourse.
The NSE said yesterday that Apel Asset Limited, on behalf of First Aluminium, has requested that the issued share capital of the company be placed on suspension.
“Dealing members are hereby notified that in preparation for the voluntary delisting of the issued share capital of First Aluminium Nigeria Plc from the Daily Official List of the exchange, Apel Asset Limited on behalf of First Aluminium has requested that the issued share capital of the company be placed on suspension.
“In view of the above, the shares of the company will be placed on suspension effective, Wednesday, May 15, 2019.
“Dealing members will be notified of further developments regarding the delisting of the company,” a circular signed by the Head of Listings Regulation Department at NSE, Mr Godstime Iwenekhai, stated.
Adedapo Adesanya