The Nigerian Stock Exchange has suspended trading on the shares of Avon Crowncaps & Containers (Nigeria) Plc from August 31, 2017.
The bourse gave the notice to the dealing members of the NSE in a letter signed by its Acting Head, Listings Regulation Department, Godstime Iwenekhai.
The letter read in part, “Dealing members are hereby notified that trading on the shares of Avon Crowncaps & Containers (Nigeria) Plc on the floor of the Nigerian Stock Exchange has been suspended effective today, August 31, 2017.
“This is in compliance with the approved scheme of arrangement between the company and holders of its fully paid ordinary shares which will lead to the voluntary delisting of the company from the official list of the Exchange.”
Meanwhile, the NSE benchmark index maintained its negative momentum at the end of Thursday’s session, shedding 35 basis points to close at 35,504.62 points while the year-to-date gain retreated to 32.1 per cent as…