NGX RegCo to Engage Issuers on Post-Listing Requirements

By Dipo Olowookere

On Tuesday, December 14, 2021, issuers of securities on the Nigerian Exchange (NGX) Limited will have an engagement with the NGX Regulation, the regulatory arm of the NGX Group Plc.

The meeting will give participants, especially companies trading their stocks on the local exchange, to share the challenges they face in meeting the various post-listing requirements.

Publicly-quoted firms are required to fulfil some obligations after joining the bourse, including free-float, quarterly filing of financial statements, disclosure of any action that could affect their share prices, amongst others.

For some organisations which have failed to meet some of these rules, they have been sanctioned with fines or suspension and in some cases, eviction from the stock exchange.

In order to hear from issuers on the issues preventing them from seamlessly complying with the rules, the NGX RegCo came up with this forum and it is in fulfilling its commitment to maintain excellent service delivery and provide solutions in line with stakeholders’ needs.

The virtual with the theme Corporate Disclosures: Beyond Numbers will be hosted by the Chief Executive Officer of NGX RegCo, Ms Tinuade Awe.

The participants will interact with the agency to share experiences and gain insights into emerging and global trends and say where they might require support in maintaining compliance with the rules and regulations of the exchange.

In ensuring an enriching discussion at the event, NGX RegCo has brought together a panel of internationally acclaimed professionals in the fields of sustainable finance, sustainability reporting and integrated reporting to facilitate conversations around reporting in the new disclosure regime.

The keynote speaker of the session will be Professor Kenneth Amaeshi, Visiting Professor of Leadership & Financial Markets in Africa & London, School of Economics & Political Science.

Other panellists are Dr Innocent Okwusa, Visiting Associate Professor, Caleb University & 1st DVP, ICAN; Professor Carol Adams, Professor of Accounting, Durham University Business School; Ms Eunice Sampson, Director, Climate Change and Sustainability West Africa, Ernst & Young; with Mr Olumide Lala, co-founder and Director, Climate Transition Limited as moderator.