Chapel Hill Denham Securities: RE: Scheme of Merger
Category: Investors NewsBeat
October 11, 2011
Chapel Hill Denham Securities has on behalf of Union Bank Nigeria Plc., notified The Exchange, that the resolutions approving the reorganization of the Bank’s capital were approved at its Court Ordered meeting held on September 30, 2011.
The shares of the Bank were placed on Technical Suspension on August 5, 2011, and by this notice, Chapel Hill Denham request that Union Bank Plc.’s shares be placed on full suspension for seven (7) days, to enable the Registrars update the Bank’s Register of Members in consequence to the share capital reorganization. The Full Suspension will be from Tuesday, October 11, 2011 to Tuesday 18, 2011.
The suspension will be lifted on Wednesday, October 19, 2011.