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www.spnglegal.com_____________________________________________________________________________________ Some of the general requirements are as follows:a. Application for Listing will only be entertained if sponsored by a Dealing Member of theExchange.b. The company must be a public company, which will issue or has issued an invitation to the publicto subscribe for its shares or has satisfied the NSE Council that the public is sufficiently interestedin the company’s shares to warrant Listing.c. Have a minimum of three (3) years’ operating track record, for companies whose securities arenot already listed on the exchange and two (2) years if already listed;d. All securities for which listing is sought shall first be registered with the Securities and ExchangeCommission.e. There must be no restriction on the transfer of shares of the company.f. The Council shall not grant an initial listing where the last audited accounts of a company is morethan 9 months old._____________________________________________________________________________________Doing Business in NigeriaAn Investor’s Guide- 2013Page 12 of 36

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