[XNSA]>> RECLASSIFICATION OF RED STAR EXPRESS PLC | InfoWARE Finance
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[XNSA]>> RECLASSIFICATION OF RED STAR EXPRESS PLC
(Source: NSE, Date: 08-Sep-2025)
Reclassification of Red Star Express Plc from Low Price Stock Group to Medium Price Stock Group Trading License Holders are hereby notified of the reclassification of Red Star Express Plc from the Low-Priced Stock Group to the Medium-Priced Stock Group, in line with The NGX?s Pricing Methodology framework. 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 Red Star Express Plc's stock price and trade activities 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 tick size change from N0.01 kobo to N0.05 kobo - in line with Rule 15.29: Pricing Methodology, Rulebook of The Exchange, 2015 (Trading License Holders? Rules). This is for your information.
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