ETERNA: PUBLICATION OF A MANDATORY TENDER OFFER TO QUALIFIED ETERNA PLC SHAREHOLDERS FOR 1,300,000 ORDINARY SHARES OF 50 KOBO EACH OF ETERNA PLC
This advertisement is published in accordance with the rules and regulations of the Securities & Exchange Commission
RC number: 1752458
MANDATORY PUBLIC OFFER TO QUALIFIED SHAREHOLDERS OF
RC No: 124136
FOR 1,300,000 COMMON SHARES OF 50 KOBO EACH OF ETERNA PLC
Preline limited (“Preline” or the “Company”), has acquired 794,969,774 ordinary shares of Eterna PLC (“Eterna”), representing a 60.98% interest, from Eterna PLC (“Eterna”), on October 29, 2021 following receipt of required regulatory approvals from the Securities and Exchange
Commission’s (“SEC”), the Nigerian Exchange Limited (“NGX”) and the Federal Competition and Consumer Protection Commission (“FCCPC”).
Pursuant to Part XII, Section 131(1)(a) of the Investments and Securities Act (No. 29 of 2007) (“ISA”) and Rule 445 of the Securities and
Pursuant to the rules and regulations of the Exchange Commission, Preline is required to make a mandatory tender offer to all other shareholders of Eterna Plc other than Preline Limited.
- The Preline Limited Board of Directors has granted its approval for a mandatory tender offer to be made to all qualifying shareholders of Eterna and has received “clearance to proceed” from the SEC with the tender offer purchase required.
Existing Shareholding of the Offeror in Eterna:
Object of the offer:
Mandatory tender offer to acquire 1,300,000 ordinary shares representing 0.10% of the issued and paid-up share capital of Eterna, not currently held by Preline Limited
Plot 8, Block 116 Akiogun Street, by Bosun Adekoya Road Lekki, Lagos
794,969,774 ordinary shares of 50 kobo each, representing 60.98% of the total issued and paid-up share capital of Eterna Plc by Preline
June 30, 2022
Eterna shareholders whose names appear on the register on the date of qualification.
To enable Preline to comply with Part XII, Section 131(1)(a) of the ISA and Rule 445 of the SEC Rules and Regulations, following its acquisition of a 60.98% interest in Preline limited.
Eligible Stakeholders who accept the Offer will receive a cash consideration of NOT13.50 per ordinary share tendered and purchased by Preline during the Acceptance Period.
Eterna shareholders may only accept this offer by completing and signing the Acceptance Form (included in the Mandatory Tender Offer Document) and delivering it to the Registrar, Cordros Registrars Limited during the Tender Period. ‘acceptance.
The period between 08 15 2022 and 09 05 2022 at 5 p.m. subject to a possible extension of the Acceptance Period during which the offer is open for acceptance.
Eterna plc published this content on August 02, 2022 and is solely responsible for the information contained therein. Distributed by Audienceunedited and unmodified, on August 02, 2022 19:51:05 UTC.
Public now 2022
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