Business News

Exchange Lifts Suspension From Unity Bank Shares

Unity Bank plc has complied with the requirements of the NSE, and the suspension placed on the Bank’s shares have been lifted.

According to a letter sent by the Exchange, which was sighted by OMEGA NEWS. The Exchange stated that it was satisfied that Unity Bank’s accounts

complied with applicable rules of the Exchange ,hence the lifting of suspension from Unity Bank’s shares. Part of the letter sent by the Exchange reads:

“.Unity Bank Plc (the Company) which was amongst the companies suspended has submitted its
outstanding Audited and Interim Financial Statements to The Exchange.
In view of the submission of the Company’s accounts and pursuant to Rule 3.3 of the Default Filing Rules,
which provides that; “The suspension of trading in the issuer’s securities shall be lifted upon submission of
the relevant accounts provided The Exchange is satisfied that the accounts comply with all applicable rules
of The Exchange. The Exchange shall thereafter also announce through the medium by which the public
and the SEC was initially notified of the suspension”; the general public is hereby notified that the
suspension placed in the trading of the Bank’s shares was lifted today, 2 November 2018.”

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