NGX Lifts Suspension On Lasaco Assurance After Filing Of 2023 Financial Statements

Oct. 14, 2024 - The Whistler Newspaper

NGX Lifts Suspension On Lasaco Assurance After Filing Of 2023 Financial Statements533 SHARES Share Tweet [mc4wp_form id=33047]The Nigerian Exchange Limited (NGX) has lifted the suspension on trading of Lasaco Assurance Plc shares following the company’s compliance with regulatory requirements. This comes after Lasaco Assurance filed its Audited Financial Statements (AFS) for the year ended 31 December 2023, along with all other outstanding financial statements.

AdvertisementThe suspension, which took effect earlier in the year, was imposed in accordance with Rule 3.1 of the NGX’s Default Filing Rules.

However, with the recent submission of the 2023 AFS and the outstanding financial statements, the NGX has determined that Lasaco Assurance is now in full compliance with its regulatory obligations. Investors and trading license holders are advised that they can now resume trading in Lasaco Assurance Plc’s shares, and the company can move forward with its plans without the restriction of a trading suspension.

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