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NSE Suspends Dangote Flour Mills Shares

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Naija247news, Nigeria
Naija247news is an investigative news platform that tracks news on Nigerian Economy, Business, Politics, Financial and Africa and Global Economy.

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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