Societe Fonciere Europeenne Secures Approval to Make a Mandatory Take-Over Offer in Ensure Insurance

Culled—Proshare

September 28, 2018/NASD Plc

Mandatory Take-over Offer by societe fonciere europeenne b.v. For up to 10,000,000  ordinary shares in ensure plc.

Societe Fonciere Europeenne B.V. (a wholly-owned subsidiary of Allianz SE) has secured the approval of the Securities & Exchange Commission to make a Mandatory Take-Over Offer for up to 10,000,000 Ordinary Shares in Ensure Insurance Plc at N0.72 per Share. The Mandatory Take-Over Offer opened on 26 September 2018 and will close on 22 October 2018. 

In order to accommodate this exercise, the shares of Ensure Insurance Plc have been suspended from trading on the NASD OTC Securities Exchange for the duration of the Mandatory Take-Over Offer. 

Market Activities for Week 39

As at close of trade on 28 September 2018, market capitalisation dropped to ₦480.88 billion from last week previous ₦482.40 billion, which shows a 0.32% decrease in Capitaisation . Also the USI for the week ending 28 September, 2018 recorded a 0.32% decrease from 712.8 to 710.60 points. 

Trade Summary

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Market in Numbers (Year-to-Date)

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Macroeconomic Indicators 

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