Post by Idowu Anthony-Ajileye (@dobmarch8)

RECLASSIFICATION GTCO PLC FROM MEDIUM PRICE STOCK GROUP TO HIGH PRICE STOCK GROUP

Trading License Holders are hereby notified of the reclassification of the following Securities from the medium-Priced Stock Group to the High-Priced Stock Group, in line with NGX’s Pricing Methodology framework.

1.GTCO PLC

Equity securities of Quoted Companies on The Exchange (NGX) are classified into three Stock Price Groups or Categories – High-Priced, Medium Priced, and Low-Priced Stocks, based on their market price. In this regard, securities must have traded for at least four out of the most recent six-month period within a Stock Price Group’s specified price band to be classified into the category.

Accordingly, a review of stock prices and trade activities over the most recent six-month period provides the basis for reclassifying the securities from the Medium-Price Stock Group to High-Price Stock Group. This reclassification also necessitates the attendant change in the tick size change from N0.05 kobo to N0.10 kobo - in line with Rule 15.29: Pricing Methodology, Rulebook of The Exchange, 2015 (Trading License Holders’ Rules).

#NGX

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