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Extension of The Proposed Mandatory Takeover Bid Offer Period By NIPCO Investment Limited


Thursday, July 06, 2017 9:45 AM / NSE

Further to the earlier closure date announced for the submission of completed acceptance form(s) for the above captioned Mandatory Takeover (“MTO”) Bid, we write to inform Dealing Member firms that the Securities and Exchange Commission (“SEC”) has granted a formal approval towards the extension of the closing date for the MTO from June 29, 2017 to July 27th, 2017 to provide all qualifying shareholders ample time to tender their shares and ensure minority shareholder satisfaction.

The acceptance forms can be obtained, completed and submitted to GTL Registrars Limited – 274 Murtala Muhammed Way, Yaba, Lagos. Also note that all acceptance forms must be forwarded to the Registrar’s office before 5.00 PM on 27th July, 2017. The qualification date for the Mandatory Takeover Bid remains April 10, 2017.

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