listing rules - The Nigerian Stock Exchange

APPENDIX V
REPORTS BY ACCOUNTANTS
(WITH RESPECT TO PROFITS, ASSETS AND LIABILITIES FOR
PURPOSE OF PROSPECTUS OFFERS FOR SALE, ADVERTISED
STATEMENT AND CIRCULARS)
6. The accountants’ reports in the prospectus or related documents should include the
following historical details for each of the preceding five three years:
e) Particulars of any commissions, discounts, brokerages or other special terms
granted within the five three years immediately preceding the publication of the
prospectus in connection with the issue or sale of any capital of the company or
of any of its subsidiaries.
f) Full particulars of the nature and extent of the interest direct or indirect, if any, of
every director in the promotion of or in any property purchased or acquired by the
company or any of its subsidiaries within the five three years preceding the
publication of the prospectus, or proposed to be purchased or acquired on capital
account including:-
g)
ii)
ii)
short particulars of all transactions relating to any such property which had
taken place within the five three years immediately preceding the publication
of the prospectus;
The amount of any cash or securities paid or benefit given within the three
five years immediately preceding the publication of the prospectus, or
proposed to be paid or given to any promoter and the consideration for
such payment or benefit.
9. PERIOD COVERED BY THE REPORT
Although the report is required to deal with the profits or losses of each of the preceding three
five years, application may be made to cover a shorter period where it is considered that
inclusion of earlier years may be irrelevant or misleading.
Comment [JI13]: Section 6 is hereby amended
by deleting the word “five” and substituting thereof
with “three”
Comment [JI14]: Section 6 paragraph (e) is
hereby amended by deleting the word “five” and
substituting thereof with “three”
Comment [JI15]: Section 6 paragraph (f) is
hereby amended by deleting the word “five” and
substituting thereof with “three”
Comment [JI16]: Section 6 paragraph (f) (ii) is
hereby amended by deleting the word “five” and
substituting thereof with “three”
Comment [JI17]: Section 6 paragraph (g) (ii) is
hereby amended by deleting the word “five” and
substituting thereof with “three”
Comment [JI18]: Section 9 is hereby amended
by deleting the word “five” and substituting thereof
with “three”
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