NSE lifts suspension on C&I Leasing’s shares

The Nigerian Stock Exchange (NSE)

The Nigerian Stock Exchange has lifted the suspension it placed on trading in the shares of C & I Leasing Plc.

In a statement on Wednesday, the NSE said the suspension was lifted on Monday.

The NSE, on December 13, 2018, placed a full suspension on the shares of C & I Leasing Plc to facilitate the ongoing share reconstruction of the company.

It said the suspension, which was expected to remain until December 27, was to also enable the registrars to update the register of members, sequel to the share capital reconstruction exercise embarked upon by the company.

The NSE said on Wednesday that C & I Leasing notified it that the reconstruction exercise had been completed and the shareholders’ register had been updated.

“Consequently, the suspension placed on the company’s shares was lifted Monday, 14 January 2019. Trading in the shares of the company has resumed,” it added.

With the conclusion of the reconstruction exercise, the total outstanding ordinary shares of C & I Leasing are now 404,252,500 ordinary shares of 50 kobo each.