Honeywell Flour Mills Plc (Nigeria) – Notification of mandatory takeover offer by Flour Mills of Nigeria

By Published On: August 1st, 2022Categories: Corporate announcement

Honeywell Flour Mills Plc (“Honeywell” or “the Company”) announces to Nigerian Exchange Limited that Flour Mills of Nigeria Pic {”Flour Mills”) has notified the Company of a Mandatory Takeover Offer (“MTO”) that will be made to shareholders of Honeywell by Ecowise Horizon Investment Limited and Greywise Investment Solution Limited.

The Mandatory Takeover Offer – for 79,301,976 Ordinary Shares of 50 kobo each in the Company – represents 1% of the total shareholding of Honeywell Flour Mills Pic. FMN has also received the Securities & Exchange Commission’s approval to launch the MTO.

Ecowise Horizon Investment Limited and Greywise Investment Solution Limited own an aggregate of 6,086,381,572 Ordinary Shares of 50 kobo each, representing 76.75% of the total issued and paid-up capital of Honeywell Flour Mills Plc.

The Qualification Date for the MTO is 5:00pm on Thursday August 5, 2022; being the settlement date for all trades that are executed on Friday July 29, 2022.

Osomomen L. Olukoya

Company Secretary

The contents of the post above were obtained from third parties, which We, AfricanFinancials, believe to be reliable. However, We do not guarantee their accuracy and the above information may be in condensed form. The reader is encouraged to refer to the original source of the information, which, in most cases, is in PDF format and on the originating company's letterhead. While We endeavour to replicate the original content accurately, We cannot guarantee the absence of errors in the above article and We disclaim any liability regarding reliance on information provided in this article.

Honeywell Flour Mills Plc (HONYFL.ng)

Share price: 12.00 NGN (0.00 | 0.00% – 21/03/25)

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