NGSE Delists Entire 10.372bn Shares Of Continental Re

NGSE Delists Entire 10.372bn Shares Of Continental Re

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Post Views: 83 The Nigerian Stock Exchange (NSE), on Friday, January 17, 2019, announced the voluntary delisting of the entire 10,372,744,312 ordinary...

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The Nigerian Stock Exchange (NSE), on Friday, January 17, 2019, announced the voluntary delisting of the entire 10,372,744,312 ordinary shares of Continental Reinsurance Plc from its Daily Official List.
Recall that on November 28, 2019, the NSE had notified investors and traders of the full suspension placed on the shares of the company to prevent trading in its shares beyond the effective date of the Scheme of Arrangement by which CRe African Investments Limited (CRe Investments) will acquire all the shares of CRe Nigeria.
Following the conclusion of the Scheme of Arrangement, and sequel to the approval of the Company’s application to delist its entire issued share capital the NSE, in a notice by Godstime Iwenekhai, Head of its Listings Regulation Department, the entire shares have been delisted. (READ MORE).

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