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CUSTODIAN INVESTMENT : OUTCOME OF THE BOARD OF DIRECTORS MEETING

Falade appointed Director Company Board of Custodian Investment Plc

Falade appointed as investment company's Director | The Guardian Nigeria News - Nigeria and World News — Appointments — The Guardian Nigeria News – Nigeria and World News

Custodian Investment to buy minority shares of UPDC

Advertisement This is contained in a notice signed by Adeyinka Jafojo, Custodian Investment secretary, and sent to the Nigerian Exchange Limited (NGX) on Monday. According to the statement, approval to proceed with an MTO was granted by the regulatory body on May 18, 2021. Custodian said the MTO offer to minority shareholders of UPDC will involve the purchase of up to 34,415,332 ordinary shares of 50 kobo each, at a price of 90 kobo per share. Advertisement “The Qualification Date for the Offer will be May 14, 2021, and Shareholders whose names appear on the Register of Members as of the date, other than UAC of Nigeria Plc and Custodian Investment Plc are eligible to participate,” the statement read.