BY NKECHI NAECHE-ESEZOBOR—-Royal Exchange Plc has announced the acquisition of 1,770,499,535 units of its ordinary shares by Nexamont Company Limited. This represents at least 21.4% equity stake in the Company.
The company disclosed this in a notice signed by Lovelyn Aniekee, Company Secretary, to the Nigerian Exchange Group, ( NGX), and investing public, that it received a letter from Nova Finance Securities Limited, the Financial Advisers to Nexamont Company Limited (“Nexamont”), notifying the Company that Nexamont has acquired 1,770,499,535 units of ordinary shares of Royal Exchange Plc through the secondary market.
This is in line with Rule 17.13 (a), Part II of the Rulebook of Nigerian Exchange Limited the Company wishes to inform The Exchange, its shareholders and the investing public that Nexamont Company Limited is now a beneficial owner of 1,770,499,535 ordinary shares in Royal Exchange Plc.
