Following a previous announcement of the proposed acquisition of International Energy Insurance Company Plc by Norrenberger Advisory Partners Limited (The Acquirer), the Nigerian Exchange Limited and the investing public has been notified that the Securities and Exchange Commission has granted its No Objection to the Acquisition.
Norrenberger Advisory Partners Limited will therefore immediately commence the process of the block acquisition in accordance with the Shares Purchase Agreement with the selling shareholders. Upon conclusion of the process, NAPL becomes the majority shareholder in IEI Plc. To this end, it shall be making consultations with all its Stakeholders as appropriate.