Home Business Capital Forte Oil Says Proposed Take Over by Ignite Investment and Commodities Ltd Yet to Secure Regulatory Approval
Capital

Forte Oil Says Proposed Take Over by Ignite Investment and Commodities Ltd Yet to Secure Regulatory Approval

Share
Share

August 30, 2019/NSE

This is to clarify to shareholders of Forte Oil Plc (“Forte Oil” or the “Company”) that the Proposed Offer by Ignite Investment and Commodities Limited (“Ignite Investments”) to other shareholders of Forte Oil is still under review by the relevant regulators and has not been formally launched. As such, shareholders are advised to take no action in respect of the Proposed Offer at this time.

Shareholders will be appropriately notified (in line with regulatory requirements) by Ignite Investments of the formal launch date. This will happen following the receipt of the requisite regulatory approvals from the Securities and Exchange Commission and the Nigerian Stock Exchange. The final version of the bid document (following its registration by the Securities and Exchange Commission) will be circulated to all shareholders when the Proposed Offer is launched. This document will outline steps that will be required to be taken by shareholders who wish to participate in the proposed offer as well as key dates and timelines.

Share

Businesstoday Magazine

Businesstoday Conference/Awards

Related Articles

Stanbic IBTC Asset Management Launches Anti-Scam Campaign To Protect Mutual Fund Holders

Stanbic IBTC Asset Management has implemented strong measures to safeguard its customers...

MTN Nigeria Raises N75.18Bn Via Commercial Paper Issuance

MTN Nigeria Communications Plc has announced the successful completion of its Series...

Stanbic IBTC Clinches Multiple Awards At The 2024 FMDQ Gold Awards

Stanbic IBTC Clinches Multiple Awards At The 2024 FMDQ Gold Awards  ...

Access Holdings Reports 82.8% Growth In Q3 PAT To ₦457.7 billion

*As Total Assets Hit To ₦41.1 Trillion   Access Holdings Plc, one...