July 4, 2021/NGX

The investing public are hereby notified that pursuant to Rule 3.1, Rules for Filing of Accounts and Treatment of Default Filing, (Default Filing Rules), which provides that:

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

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

1. b) Suspend trading in the Issue’s securities; and

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

Trading in the shares of the four (4) companies below has been suspended from the facilities of the Nigerian Exchange Limited (the Exchange) effective on Friday, 2 July 2021 having failed to file their Audited Financial Statements for the year ended 31 December 2020.

1. African Alliance Insurance Plc
2. Niger Insurance Plc
3. Royal Exchange Plc
4. The Tourist Company of Nigeria Plc

In accordance with the Default Filing Rules set forth above, the suspension of trading in the shares of the above mentioned companies will only be lifted upon the submission of the relevant accounts, provided NGX Regulation Limited is satisfied that the accounts comply with all applicable rules of the Exchange.