listing rules - The Nigerian Stock Exchange

1. Application, which should be made at the earliest possible date in the form set out in
Appendix II, can only be made in respect of a security which has a minimum market
offering value of N5,000,000 or 25% of the authorised share capital or as the Council
may determine from time to time.
1. Application, which should be made at the earliest possible date in the form set out in
Appendix II, can only be made in respect of a security which has a minimum market as
may be determined by The Exchange from time to time or 20% of the authorized share
capital.
Comment [LJ5]: Section 1 is hereby amended
by deleting the section and inserting a new
section therefor, that is to say
CHAPTER 3
CONTENTS OF PROSPECTUS OF COMPANIES WHOSE SECURITIES ARE NOTLISTED ON
THE EXCHANGE
15
a) With respect to the profits or losses of the business or to the profits or losses
attributable to the interest acquired or being acquired in respect of each of the three
completed years immediately preceding the publication of the prospectus or in
respect of each of the years since the commencement of the business or the
incorporation of such subsidiary company if this occurred less than five three years
prior to such publication and if in respect of a period ending on a date earlier than
three (3) months before such publication, no accounts have been made up, a
statement that no accounts have been made-up since that date, provided that where
any such subsidiary is itself a holding company shall be extended to the profits or
losses of the company and its subsidiary companies which shall be ascertained in the
manner laid down in Appendix V.
26.
A place in Nigeria and reasonable time (not less than fourteen days) during which the
following documents (or copies thereof) where applicable may be inspected:
Comment [JI6]: Section 15 is hereby amended in
paragraph (a) line 2 by deleting the word “five”
appearing immediately after the words “in respect of
each of the” and substituting therefor the word
“three” and in line 5 by deleting the word “five”
appearing immediately after the words “if this
occurred less than” and substituting therefor the
word “three”
The Memorandum and Articles of Association;
Trust Deed;
Each contract disclosed pursuant to paragraph 21, 22 and 25 or in the case of a
contract not reduced into writing, a memorandum giving full particulars thereof;
All reports, letters or other documents, balance sheets, valuations and
statements by any expert, any part of which is extracted or referred to in the
prospectus;
A written statement signed by the auditors or reporting accountants setting out
the adjustments made by them in arriving at the figures shown in their reports
and giving reasons therefor; and
The audited accounts of the company and its subsidiaries for each of the three
financial years (if that old) immediately preceding the publication of the
prospectus together with all notes, certificates or information required by the
Companies and Allied Matters Decree 1990.
CHAPTER 6
LISTING FOR UNIT TRUSTS
Comment [JI7]: Section 26 is hereby amended in
line 10 by deleting the word “five” appearing
immediately after the words “for each of the” and
substituting therefor the word “three”
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