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UPDATE ON PROPOSED MERGER WITH ACCESS BANK

20 Mar 2019 10:29

RNS Number : 4459T
Diamond Bank PLC
20 March 2019
 

 

 

Lagos, Nigeria, March 20, 2019

 

Announcement of Full Suspension on Trading in Diamond Bank Plc Shares

 

Having received the Final Approval of the Central Bank of Nigeria and the Securities & Exchange Commission to the proposed Merger between Access Bank Plc and Diamond Bank Plc - following the approval of shareholders that was obtained at the respective Court-Ordered Meetings held on March 5, 2019 - Diamond Bank Plc hereby confirms that shares of the Bank was placed on Full Suspension today, March 20, 2019. The Full Suspension will enable the Bank determine the shareholders that will be entitled to receive the Scheme Consideration.

Shareholders and other investors are requested to please note that following the Full Suspension of March 20, 2019 - the last trade day was Tuesday, March 19, 2019 following which there will be no further trades in the shares of Diamond Bank Plc.

The Court Sanction of the Merger was obtained on March 19, 2019

 

Uzoma Uja

Company Secretary/Legal Adviser

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
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