Vitafoam Nigeria Plc: Scheme of Merger between Vitafoam Nigeria and Vono Product Plc

Proshare

Monday, May 25th, 2015 4.45AM / NSE

Greenwich Securities Limited has on behalf of its clients, notified The Nigerian Stock Exchange of the proposed Scheme of Merger between
Vitafoam Nigeria Plc and Vono Product Plc.

According to Greenwich Securities Limited, Vitafoam Nigeria Plc currently holds 47.5% in Vono Product Plc. Both companies seek to combine their business operations to ensure business efficiency. In this regard an application shall be filed with the Securities and Exchange Commission (SEC).

The market will be updated on the progress of the proposed Scheme of Merger in due course.

 

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