NGX Places PORTPAINT on Full Suspension Effective July 01, 2021

Proshare

Sunday, July 04, 2021 / 02:40 AM / By NGX/ Header Image Credit: Portland Paints and Products Nigeria Plc 

 

Trading License Holders and the investing public are hereby notified that trading in the shares of Portland Paints and Products Nigeria Plc (Portland Paints or the Company) was suspended on Thursday, 1 July 2021.

 

The suspension was effected to prevent trading in the shares of the Company with effect from 1 July 2021 being the effective date of the Scheme of Merger between Chemical and Allied Products Plc (CAP) and Portland Paints (the Scheme) wherein it is proposed that CAP will become the surviving entity and Portland Paints will be absorbed.

 

Consequently, the suspension is required for the purpose of determining the Company's shareholders that will qualify to receive the Scheme consideration in preparation for the eventual delisting of Portland Paints from the Daily Official List of the Nigerian Exchange Limited.


Kindly share and stay connected with us on our platforms HERE

You can also subscribe to our NEWSLETTER 


 Proshare Nigeria Pvt. Ltd.


Related News

  1. CAP Notifies of Resolutions Passed at its Court-ordered Meeting on Merger with PORTPAINT
  2. PORTPAINT Notifies of Court-ordered Meeting
  3. PORTPAINT Declares N115m Loss in Q3 2020 Results, (SP:N2.05k)
  4. PORTPAINT Declares N75.48m Loss in Q2 2020 Results, (SP:N2.23k)
  5. PORTPAINT Appoints B and I Nominees Ltd As Company Secretary
  6. PORTPAINT Notifies of Board Meeting Date and Closed Period
  7. PORTPAINT Appoints Mrs. Ada Aniagu As Chief Financial Officer; Mr. Raheem Adejumobi Departs
  8. PORTPAINT Declares N47m Loss in Q1 2020 Results, (SP:N2.23k)
  9. PORTPAINT To Hold Annual General Meeting on July 2, 2020
  10. PORTPAINT Declares N47m Loss in Q1 2020 Results, (SP:N2.23k)


 Proshare Nigeria Pvt. Ltd.


Proshare Nigeria Pvt. Ltd.


Proshare Nigeria Pvt. Ltd.

READ MORE:
Related News
SCROLL TO TOP