Ess-ay Investment Limited Reports Insider Deal to NGX

Ess-ay Investment Limited has formally notified the Nigerian Exchange Group (NGX) of an insider dealing transaction, underscoring regulatory compliance and transparency in market disclosures. The filing highlights the execution of trades by the investment firm and provides details required under NGX rules.

The Nigerian Exchange Group has published a notification from Ess-ay Investment Limited regarding insider dealing. According to the disclosure, the transaction was executed in line with NGX’s regulatory framework, which mandates listed companies and their insiders to promptly inform the market of any dealings in their shares. This ensures that investors are kept abreast of significant shareholding changes and that the principles of fairness and transparency are upheld in the Nigerian capital market.

The notification confirms that Ess-ay Investment Limited carried out trades in the shares of its associated company, with the details of the transaction recorded and filed with the NGX. Insider dealing reports are critical for maintaining investor confidence, as they provide visibility into the activities of major shareholders and directors. By making this disclosure, Ess-ay Investment Limited has complied with the NGX’s listing requirements, which are designed to prevent information asymmetry and protect minority shareholders.

This development comes at a time when the NGX has been emphasizing stronger corporate governance and disclosure standards among listed firms. Insider dealing notifications are part of the broader effort to align Nigeria’s capital market practices with global standards, ensuring that investors have timely access to material information that could influence trading decisions. The filing by Ess-ay Investment Limited reinforces the importance of transparency in sustaining market integrity and investor trust.