NSE Suspends Trading Activities on Shares of BAGCO Plc

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March 4, 2013/NSE

In line with the Scheme of Merger between Flourmills of Nigeria Plc and
Nigerian Bag Manufacturing Company Plc, the last date for Scheme shareholders to elect for cash or shares in Flour Mills is March 5, 2013. The Stockbrokers to the Proposed Merger, Stanbic IBTC has notified the Exchange that trading on Nigerian Bag Manufacturing Company Plc (“BAGCO”) shares will be placed on full suspension on the floor of The Nigerian Stock Exchange effective March 5, 2013.

This is to determine Scheme Shareholders who have elected for cash consideration and consequently the number of Scheme Shares to be listed, Flour Mills and BAGCO Group have determined that the last trading day on the shares of BAGCO Group will be March 4, 2013, hence, the request that the shares of BAGCO Group be placed on FULL SUSPENSION on March 5, 2013 prior to its eventual delisting from the Daily Official List.

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