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