Dufil Prima Foods, Acorn Petroleum now trade on NASD OTC

Shareholders who wish to sell their shares in Dufil Prima Foods plc and that of Acorn Petroleum plc –both non-listed public companies – can now have access to liquidity for such transaction in a more transparent manner at the NASD OTC plc.

The NASD OTC plc is encouraging the shareholders in both companies to approach their NASD OTC registered brokers to dematerialise and trade their shares on the OTC market.

Already, NASD has created symbol codes for the shares of Dufil which will trade under the Symbol code SDDUFIL and have been entered to the board at the last documented price of N9 per share which was the last issue price for the shares.

Also, shares in Acorn will trade under the symbol code SDACORN and have been entered to the board at N2:80 per share which was the issue price for the shares in 2011.

Dufil’s financial statements of 2013 indicate that the company made a PAT of N512m (2012: N.5m,) and paid a dividend of N0.65 (2012: N0.63) per share.

“Once trading starts the market will reflect more up-to-date prices. The market will however reflect a more up to date price once trading commences on these shares and when financial statements of 2013 are released,” the NASD report stated.

“Symbol codes are short unique identifiers made up of a combination of alphabets and numbers that represent each security traded on the OTC market. The codes are assigned by the Central Securities Clearing System (CSCS) and make it easy for shareholders to identify their target company.

“In addition, the codes often have an indicator that identifies where the security is being traded. All NASD OTC traded securities for example, will always start with the letters SD,” the report revealed.