November 14, 2023/NGX

The investing public are hereby notified that trading in the shares of Union Bank of Nigeria Plc was suspended today, Tuesday, 14 November 2023. 

The suspension is necessary to prevent trading in the shares of the Bank in preparation for the delisting of the securities of the Bank in line with the approval obtained from Nigerian Exchange Limited.

Furthermore, In compliance with The Nigerian Exchange Rule Book and the Amendments to the Listing Rules, Union Bank of Nigeria Plc hereby notifies our esteemed stakeholders that the Bank is finalizing the process of obtaining approval to delist the Bank’s shares from NGX, upon which shareholders of the Bank will receive a Scheme Consideration of N7.70 per share. 

Consequent upon the approval, the Registrars will remit the Scheme Consideration to all shareholders of the Bank, pursuant to the decision of the Court-Ordered Meeting and the subsequent sanction by the Federal High Court. 

All shareholders of the Bank are enjoined to ensure that their accounts have been duly mandated, for the purpose of receiving the Scheme Consideration.