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Home Industries Company News

UACN To Spin Off Registrars Business, Signs SPA With African Prudential Registrar

Nairametrics by Nairametrics
June 8, 2013
in Company News, Corporate deals
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UAC of Nigeria Plc (‘’UACN’’) and Africa Prudential Registrars Plc (‘’APR’’) notified The Nigerian Stock Exchange that the two Companies have executed a Share Sale and Purchase Agreement (‘’SSPA’’) in respect of Africa Prudential Registrars’ (APR) planned acquisition of 100% of the Shares of UAC Registrars Limited, a subsidiary of UACN.

Completion of the transaction is subject to the fulfilment of all conditions precedent outlined in the SSPA including approval by the Securities & Exchange Commission. The companies will continue to update The Exchange as the transaction evolves. 

Source: NSE Weekly report for the week ended June 7, 2013

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