Reclassification of C.I Leasing Plc (CILEASING) from Low Price Stock Group to Medium Price Stock Group 

Dealing members are hereby notified of the reclassification of C.I Leasing Plc (CILEASING) from the Low Priced Stock Group to the Medium Priced Stock Group, in line with The NSE? Pricing Methodology framework. 

Equity securities of Quoted Companies on The Nigerian Stock Exchange (NSE) 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? specified price band to be classified into the category. Accordingly, the review of C.I Leasing Plc stock price trade activity over the most recent six month period provides the basis for reclassifying the security from the Low Priced Stock Group to the Medium Priced Stock Group. This reclassification also necessitates the attendant change in the minimum volume required to change the security? published price from 100,000 units to 50,000 units, as well as a tick size change from N0.01kobo to N0.05kobo - in line with Rule 15.29: Pricing Methodology, Rulebook of The Exchange, 2015 (Dealing Members?Rules).

C.I Leasing Plc stock price rose above the N5 price level on 14 January 2019 and traded above N5 up till close of business on 26 June 2019. This indicates that C.I Leasing Plc stock price has traded above N5 in the last 6 months. Resultantly, C.I Leasing Plc (CILEASING) has been reclassified from the Low Priced Stock Group to the Medium Priced Stock Group with effect from 4 July, 2019.?