NGX, in its weekly report made available to newsmen in Lagos, confirmed that the suspension was lifted because the insurer had filed its audited financial statements for the year ended December 31, 2023.
The News Agency of Nigeria reports that NGX, in its Market Bulletin dated July 8 with Reference Number: NGXREG/IRD/MB35/24/07/08, notified Trading License Holders and the investing public of the suspension on the securities of Guinea Insurance Plc.
The exchange said this was in line with the provisions of Rule 3.1: which is on the rules for filing of accounts and treatment of default filing.
It said that the rule provides, “If an Issuer fails to file the relevant accounts by the expiration of the Cure Period, the Exchange will send to the Issuer a “Second Filing Deficiency Notification” within two business days after the end of the Cure Period.
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