Forte Oil Divests 0.04% Equity To Ignite Investments & Commodities Ltd
BY UMORU ABDULKADIR
Forte Oil Plc has notified the Nigerian Stock Exchange (NSE), its shareholders and other stakeholders of its plans to divest up to 500,000 (Five Hundred Thousand) ordinary shares, representing 0.04 equity stake to Ignite Investments & Commodities Limited.
This followed Ignite Investments & Commodities Ltd interest in acquiring 500,000 ordinary share equity stake in the company.
The notification notice titled,”‘Take-over of up to 500,000 *Five Hundred Thousand) ordinary shares of 50kobo each (representing 0.04% Equity Stake) to other shareholders of Forte Oil Plc at N66.25 by Ignite Investments & Commodities”reads; “Forte oil Plc hereby notifies The Nigerian Stock Exchange (NSE), its shareholders and other
stakeholders that Ignite Investments & Commodities has expressed intention to undertake a take-over offer of up to 500,000 ordinary shares representing 0.04 equity stake.”
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