Nigerian Stock Exchange Suspends Trading

The Nigerian Stock Exchange, NSE, has introduced the suspension of trading in shares of 7-Up Bottling Company Plc.

According to a suspension observe dated January 12, the NSE stated trading in the shares of 7-Up Bottling Company Plc has been placed on full suspension.

The notice, signed by using Godstime Iwenekhai, Head, Listings Regulation Department, said the suspension was once necessitated by way of the need to ascertain the company’s majority shareholder, which also explained that the company’s shareholders exceeded a resolution to this effect at the Court Ordered Meeting of the agency held on Thursday, January 11.

NOTE: The scheme will result in the voluntarily de-listing of 7-Up Bottling Company Plc from the Daily Official List of The Exchange.