Current Time: January 24, 2018 06:30:41am Last Update: January 23, 2018 15:08:18pm
Home|Forum|Conferences|Concepts|Research|TrueColour|Business Developemnt         
iWitness | Register | Login | Subscribe         

Business > Insurance
Cornerstone, Linkage Insurance set to merge
Addthis Facebook Twitter LinkedIn Gmail
By Ebenezer Ademola
September 8, 2012 14:01:03pm GMT      |      Views: 822
Nigerian Stock Exchange

WorldStage Newsonline-- The Nigerian Stock Exchange (NSE) said it is considering an application for merger by Cornerstone Insurance Plc And Linkage Insurance Plc.

According to NSE, the merger will thus, result in the transfer of all assets, liabilities and undertakings, including real properties and intellectual property rights of Linkage Insurance Plc to Cornerstone Insurance Plc, and the cancellation of the issued shares of Linkage Insurance Plc.

In consideration of the transfer of all assets, liabilities and undertakings, as well as real property and intellectual property rights of Linkage Insurance Plc to Cornerstone Insurance Plc, the Shareholders of the Scheme Shares of Linkage Insurance Plc so cancelled will be entitled to 30 per cent shareholding (approximately, 74 per cent of the current shareholding in Linkage) of Post-Merger Cornerstone Insurance Plc.

Addthis Facebook Twitter LinkedIn Gmail







Share |




ADVERTISEMENT



Related News
- January 16, 2018 03:07:50am GMT

- January 2, 2018 12:45:34pm GMT

- December 13, 2017 05:14:43am GMT

- December 4, 2017 09:34:10am GMT

- November 30, 2017 10:31:14am GMT