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Pursuant to the implementation of the approved amendments to the Pricing Methodology1 and Par Value Rules, as contained in Rules 15.29 and 15.30 respectively of the Rulebook of The Exchange, 2015 (Dealing Members’ Rules), (“the Rules”), this report which is based on market values of equities as at December 31, 2017 is hereby provided for guidance in the implementation of the Rules effective January 29, 2017, as summarized in the table below:
|
Group |
Price Movement (Minimum Quantity) |
Min. Tick Size (N) |
Price Range & Trading Period |
| A | 10,000 | N0.10 | N100.00 or above, for 4 of the last 6 months, or new security listings priced at N100.00 or above at the time of listing |
| B | 50,000 | N0.05 |
N5.00 or above but lower than N100, for 4 of the last 6 months, or new security listings priced at N5.00 or above but lower than N100 at the time of listing |
| C | 100,000 | N0.01 | N0.01 or above but lower than N5, for 4 of the last 6 months, or new security listings priced at N0.01 or above but lower than N5 at the time of listing |
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