NSE Suspends Dangote Flour Mills Shares

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Workers operate a machine at the Dangote flour mill in Apapa district in Nigeria's commercial capital of Lagos November 13, 2010. REUTERS/Akintunde Akinleye (NIGERIA - Tags: EMPLOYMENT BUSINESS) - GM1E6BE0DY301

The Nigerian Stock Exchange (NSE) has notified the market that trading on the shares of Dangote Flour Mills (DFM) Plc has been placed on full suspension effective Monday, 28 October 2019.

The suspension is imperative to prevent trading in the shares of the Company beyond the Effective Date of the Scheme of Arrangement for Crown Flour Mills Limited to acquire the entire issued and fully paid ordinary shares of 50 kobo each in DFM held by Scheme Shareholders, subsequent to which the Company would be delisted from the Main Board of the NSE.

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