Warning: Undefined property: DOMElement::$tagName in /home/thecoeng/public_html/wp-content/plugins/accelerated-mobile-pages/includes/vendor/amp/includes/sanitizers/class-amp-tag-and-attribute-sanitizer.php on line 855
Warning: Undefined property: DOMElement::$tagName in /home/thecoeng/public_html/wp-content/plugins/accelerated-mobile-pages/includes/vendor/amp/includes/sanitizers/class-amp-tag-and-attribute-sanitizer.php on line 855
Warning: Undefined property: DOMElement::$tagName in /home/thecoeng/public_html/wp-content/plugins/accelerated-mobile-pages/includes/vendor/amp/includes/sanitizers/class-amp-tag-and-attribute-sanitizer.php on line 855
Warning: Undefined property: DOMElement::$tagName in /home/thecoeng/public_html/wp-content/plugins/accelerated-mobile-pages/includes/vendor/amp/includes/sanitizers/class-amp-tag-and-attribute-sanitizer.php on line 855
Warning: Undefined property: DOMElement::$tagName in /home/thecoeng/public_html/wp-content/plugins/accelerated-mobile-pages/includes/vendor/amp/includes/sanitizers/class-amp-tag-and-attribute-sanitizer.php on line 855
Warning: Undefined property: DOMElement::$tagName in /home/thecoeng/public_html/wp-content/plugins/accelerated-mobile-pages/includes/vendor/amp/includes/sanitizers/class-amp-tag-and-attribute-sanitizer.php on line 855
Warning: Undefined property: DOMElement::$tagName in
/home/thecoeng/public_html/wp-content/plugins/accelerated-mobile-pages/includes/vendor/amp/includes/sanitizers/class-amp-style-sanitizer.php on line
457 Warning: Undefined property: DOMElement::$tagName in
/home/thecoeng/public_html/wp-content/plugins/accelerated-mobile-pages/includes/vendor/amp/includes/sanitizers/class-amp-tag-and-attribute-sanitizer.php on line
855 Warning: Undefined property: DOMElement::$tagName in
/home/thecoeng/public_html/wp-content/plugins/accelerated-mobile-pages/includes/vendor/amp/includes/sanitizers/class-amp-tag-and-attribute-sanitizer.php on line
855 Warning: Undefined property: DOMElement::$tagName in
/home/thecoeng/public_html/wp-content/plugins/accelerated-mobile-pages/includes/vendor/amp/includes/sanitizers/class-amp-tag-and-attribute-sanitizer.php on line
855 Warning: Undefined property: DOMElement::$tagName in
/home/thecoeng/public_html/wp-content/plugins/accelerated-mobile-pages/includes/vendor/amp/includes/sanitizers/class-amp-tag-and-attribute-sanitizer.php on line
855 Warning: Undefined property: DOMElement::$tagName in
/home/thecoeng/public_html/wp-content/plugins/accelerated-mobile-pages/includes/vendor/amp/includes/sanitizers/class-amp-tag-and-attribute-sanitizer.php on line
855 Warning: Undefined property: DOMElement::$tagName in
/home/thecoeng/public_html/wp-content/plugins/accelerated-mobile-pages/includes/vendor/amp/includes/sanitizers/class-amp-tag-and-attribute-sanitizer.php on line
855 Warning: Undefined property: DOMElement::$tagName in
/home/thecoeng/public_html/wp-content/plugins/accelerated-mobile-pages/includes/vendor/amp/includes/sanitizers/class-amp-tag-and-attribute-sanitizer.php on line
855 Warning: Undefined property: DOMElement::$tagName in
/home/thecoeng/public_html/wp-content/plugins/accelerated-mobile-pages/includes/vendor/amp/includes/sanitizers/class-amp-tag-and-attribute-sanitizer.php on line
855 News Union Bank Completes Shareholding Take over, To Delist from Stock Exchange
Union Bank Completes Shareholding Take over, to Delist from Stock Exchange
In May, 2023, Union Bank received an offer from its core shareholder, Titan Trust Bank Limited, to acquire the shares of all minority shareholders in Union Bank after the completion of core investors’ sale of a majority shareholding to Titan Trust Bank Limited, a subsidiary of TGI Group.
The acquisition of the minority shareholding has led to the application to delist Union Bank of Nigeria Plc from the Nigeria Stock Market. This development was implemented by way of a scheme of arrangement between the bank and the bank’s shareholders (the minority shareholders), by Section 715 of the Companies and Allied Matters Act 2020 (as amended).
NABII Unveils Report, Reveals Strategies for Financial Growth, Impact Investment
Union Bank of Nigeria has notified all esteemed stakeholders that the Bank is finalizing the process of obtaining approval to delist the Bank’s shares from NGX, upon which shareholders of the Bank will receive a Scheme Consideration of N7.70 per share.
Commenting on this development, Mudassir Amray, CEO of Union Bank of Nigeria said: “This move is an effort to attract larger private investments to reconsolidate our position as one of the top pioneer Banks in Nigeria. We remain committed to deliver value to our customers, employees and shareholders through superior solutions.
We appreciate the support of the Central Bank of Nigeria, Exchange Commission, Nigerian Exchange Group (NGX) and every other agency and parastatal that were instrumental to achieving this.”
Recent Posts
Traditional Medicine Association Uncovers Impostors, Denounces Ogun Event By Ify Maduka Members of the…
Wema Bank Announces Top Appointments Wema Bank has announced the appointment of a new Deputy…
GTBank Alleged Cyberstalking: 3 SANs Appear in Court as Justice Faji Denies Journalists Bail…
Romance Scam: 4 Nigerians Jailed In US THECONSCIENCE NG reports that four Nigerians have been…
6m Nigerians Face Threat over Diabetes Cost Care The Diabetes Association of Nigeria, DAN, has…
Reps Seek Improved Funding For NYSC The House of Representatives is set to debate the…