Please be informed that the above institutions have notified The Exchange of their proposal to merge the two entities into one.

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% shareholding (approximately, 74% of the current shareholding in Linkage) of Post-Merger Cornerstone Insurance Plc.

The application for the merger is however, still under consideration.

Source: NSE