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LONDON - The Financial Conduct Authority (FCA) has announced the temporary suspension of Northern Electric plc’s preference shares from the Official List, effective today, Thursday. The suspension, which took effect at 7:30 AM, was initiated at the request of the company itself.
The specific securities affected are the non-equity shares and non-voting equity shares with ISIN GB0006546898. These shares are also currently admitted to trading on the London Stock Exchange (LON:LSEG), noted as a Recognised Investment Exchange.
This measure was communicated by the Issuer Management branch of the FCA, which can be reached at 020 7066 8352 for further details. The suspension notice is to be read in conjunction with any additional notices provided by the London Stock Exchange regarding the admission of securities to trading on its markets.
The London Stock Exchange assigns SEDOL numbers as identifiers, which can be found in their dealing notice for the affected securities. The suspension notice did not elaborate on the reasons behind Northern Electric plc’s request for the suspension or the duration for which the shares will remain off the Official List.
The FCA’s role as a regulator includes overseeing the admission of securities to the Official List and ensuring that financial markets operate with transparency and fairness. As the regulator, the FCA is authorized to suspend trading in securities to protect investors and the integrity of the market.
Investors holding Northern Electric plc’s preference shares will be unable to trade these securities on the London Stock Exchange during the suspension period. It’s important for shareholders and potential investors to monitor official announcements for updates regarding the status of the suspension.
The information regarding the suspension is based on a press release statement provided by RNS, the news service of the London Stock Exchange, and approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom (TADAWUL:4280). Terms and conditions related to the distribution and use of this information may apply.
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