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NGX Lifts Suspension On Trading In Shares Of International Energy Insurance

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March 11, 2024/NGX

We refer to our Market Bulletin dated 11 July 2023 with Reference Number: NGXREG/LRD/MB26/23/07/11 wherein we notified Trading License Holders and the investing public of the suspension in the trading on the securities of International Energy Insurance Plc (IEI or the Company) for non-compliance with the provisions of Rule 3.1: Rules for Filing of Accounts and Treatment of Default Filing, Rulebook of The Exchange (Issuers’ Rules) (Default Filing Rules), which provides that: 

“If an Issuer fails to file the relevant accounts by the expiration of the Cure Period1, The Exchange will: 

a) Send to the Issuer a “Second Filing Deficiency Notification” within two (2) business days after the end of the Cure Period; 

b) Suspend trading in the Issuer’s securities; and 

c) Notify the Securities and Exchange Commission (SEC) and the Market within twenty- four (24) hours of the suspension.” 

IEI, whose securities were suspended on 11 July 2023, has now filed its outstanding financial accounts.

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