By Yakubu LAAH InvestAdvocate
Lagos (INVESTADVOCATE)-Oasis Insurance Plc on Tuesday said it’s wooing interested investors to accept offers for its takeover bid.

The insurance firm said in a notice to the Nigerian stock exchange (NSE) that shareholders of Oasis Insurance ordinary shares in certified form whose names appears on the register of members by First Registrars on 31 December, 2013 and are eligible to participate in the offer.

Oasis said such shareholders who hold ordinary shares in certified form will accompany the take-over bid document an acceptance form for use in connection with the offer.

“Such shareholders who wish to tender some or all of the ordinary shares registered in their name should complete the acceptance form, together with valid share certificate(s) and should be stamped and signed by their stockbrokers and then submitted to First Registrars, so as to be received by no later than 4.00 pm on July 7, 2014.

In the same vein, the shareholders of the insurance firm in the Central Securities Clearing Systems (CSCS); that is uncertificated /dematerialized/electronic forms who wish to participate in the offer should complete the acceptance form contained in the take-Over bid document in accordance with the instructions printed thereon.
According to Oasis Insurance, the completed acceptance form, which should be stamped and signed by their stockbrokers with their statement of CSCS account, should be submitted to First Registrars, so as to be received by no later than 4.00pm on July 28, 2014.

In February 2014, FBN Life Assurance Limited announced it has completed the acquisition of 71.2 percent stake in insurance firm Oasis Insurance.

According to FBNH, the 71.2 percent stake represents 4,630,595,326 ordinary shares of 50kobo each of the total issued ordinary share capital of Oasis Insurance.