Web3 Secondary Market — Adire Textiles (ADRE)

Equity from Web3 offerings that have completed: the raise has closed, allotment has settled on the ContiSX CSD, and the lock-up stated in the offer has expired. Live and upcoming raises appear in the admission pipeline until they qualify.

By price, then time. A buy order fills against the lowest offers first, and at any one price the order that arrived first fills first. A limit order that does not cross the book rests until the market reaches it or you cancel it.

A limit order names the worst price you will accept and can rest on the book. A market order takes whatever liquidity is available inside today's price band straight away; anything the book cannot fill is cancelled rather than left resting.

Trades settle T+1 by delivery versus payment through the ContiSX CSD: the shares arrive in your depository account and the cash leaves it in the same step, one business day after the trade.

The common reasons are a price outside the allowable band, a price that is not a whole tick (₦0.50 below ₦1,000, ₦1 from ₦1,000), not enough buying power once open buy orders are reserved, or selling more shares than you hold free.

No. The DVU loyalty rebate paid at subscription is listed on a partner digital exchange platform with its own book and rules. This board trades the CSD-registered equity only.