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Acquisition: NSE suspends trading in Continental Reinsurance shares - Printable Version +- Forums (http://contripeople.com) +-- Forum: General Discussion (http://contripeople.com/forumdisplay.php?fid=5) +--- Forum: Market Place (http://contripeople.com/forumdisplay.php?fid=77) +--- Thread: Acquisition: NSE suspends trading in Continental Reinsurance shares (/showthread.php?tid=26154)

Acquisition: NSE suspends trading in Continental Reinsurance shares - Edoman - 12-02-2019 CAPITAL MARKET Acquisition: NSE suspends trading in Continental Reinsurance shares Published December 2, 2019 [color=rgba(0, 0, 0, 0.9)]Feyisayo Popoola[/color] [color=rgba(0, 0, 0, 0.9)] the Nigerian Stock Exchange has announced the suspension of trading in shares of Continental Reinsurance Plc. It said the suspension was to prevent trading in the company’s shares beyond the effective date of the scheme of arrangement, where CRe African Investments Limited would acquire all the shares of the company. The NSE had in July suspended trading in shares of Continental Reinsurance to allow the company reconvene another court-ordered meeting to consider the scheme of arrangement as directed by the Securities and Exchange.[/color] [color=rgba(0, 0, 0, 0.9)] The suspension was later lifted after the court-ordered meeting.[/color] [color=rgba(0, 0, 0, 0.9)] However, on Thursday, the NSE fully suspended trading in the shares of the company to prevent further trading beyond the effective date the Certified True Copy of the court sanction would be registered with the Corporate Affairs Commission..[/color]