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Coronation Insurance Plc has announced plans to delist from NGX following an offer from Coronation Capital (Mauritius) Limited to acquire shares of the company at 65kobo per share.
In a Proposed Share Acquisition notice to the Nigerian Exchange Limited (NGX) and the investment community signed by Mary Agha, the Company Secretary, the offer price has been set at 65 Kobo per share, representing a 30% premium over the Company’s last traded price of 50 Kobo on August 12, 2021.
The proposed acquisition is subject to regulatory approval in accordance with section 715 of the Companies and Allied Matters Act, No.3 of 2020, and other relevant rules and regulations.
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