Circular

PUBLIC NOTICE

Notice Of Cancellation Of Registration Of Mainland Trust Limited

The Securities and Exchange Commission (“the Commission”) hereby notifies the general public that the registration of Mainland Trust Limited as a capital market operator has been cancelled with immediate effect.

This cancelation order is made pursuant to the powers of the Commission under Section 38(4) of the Investments and Securities Act, 2007 and Rule 34(1)(e) of the SEC Consolidated Rules and Regulations 2013. The Commission’s decision is informed by the company’s failure to comply with regulatory directives and non-resolution of several complaints against it.

All clients of Mainland Trust Limited are by this notice advised to contact the Central Securities Clearing Systems Plc (CSCS) for appropriate guidance on the transfer of their stocks to another stockbroker of their choice.

In addition, the Nigerian Exchange Group (NGX), the Institute of Capital Market Registrars (ICMR), the Chartered Institute of Stockbrokers (CIS), the Central Securities Clearing System (CSCS) Plc and all Capital Market Trade Associations are directed to discontinue capital market related dealings with the company.

 

SIGNED

MANAGEMENT