Outcome of The Scheme of Merger: CCNN and Obu Cement Now BUACEMENT

Proshare

Thursday, January 09, 2020 / 6:43 PM / NSE / Header Image Credit: The Nigerian Stock Exchange

 

Further to our Market Bulletin of 24 December 2019, with reference number: NSE/RD/LRD/MB74/19/12/24, wherein the market was notified of the suspension placed on the trading in the shares of CCNN following the Court's Sanction of the Scheme of Merger (Scheme) between CCNN and OBUCement (now BUA Cement Plc), please be informed that the Scheme has been concluded.

 

Consequently, the entire 13,143,500,966 ordinary shares of CCNN was delisted from the Daily Official List of The Nigerian Stock Exchange (The Exchange) today, Thursday, 9 January 2020, while the entire 33,864,354,060 ordinary shares of 50 kobo each of BUA Cement Plc (Formerly OBU Cement) were listed today, Thursday, 9 January 2020.

 

Please note that following The Exchange's receipt of regulatory evidence of the change of name of OBUCement to BUA Cement Plc, the Company was listed as "BUA Cement Plc". The trading Symbol is BUACEMENT.


Year Share Price Movement -CCNN

Proshare Nigeria Pvt. Ltd. 


Results Table - Q3 2019

Proshare Nigeria Pvt. Ltd.


Proshare Nigeria Pvt. Ltd.

 

Related News

1.         NSE Places Full Suspension on Trading on the Shares of Cement Company of Northern Nigeria Plc

2.        CCNN and Obu Cement Merger Update: Excerpts From The Scheme Of Merger

3.        CCNN Notifies Of Court Ordered Meeting

4.        CCNN And Obu Cement Company Exploring A Merger of Both Entities

5.        CCNN Plc Notifies of Closed Period For Q3 2019

6.        CCNN Plc Records Mixed Performance In Revenue and Declining PBT Margin in Q2 2019 Results

7.        CCNN Declares N7.28bn PAT in Q2 2019 Results,(SP: N11.60k)

8.       CCNN Notifies of the Company's Board Meeting and Closed Period

9.        TOURIST, CCNN and 21 Others Have Free Float Deficiencies

10.    CCNN Notifies of the 40th Annual General Meeting of the Company

11.     CCNN, BUA Cement wins EMEA Finance Award

12.    Nigeria's Cement Market Battles: CCNN in Focus

13.    CCNN Declares N3.64bn PAT in Q1 2019 Results,(SP: N17.00k)


Proshare Nigeria Pvt. Ltd.


Proshare Nigeria Pvt. Ltd.

READ MORE:
Related News
SCROLL TO TOP