The Nigerian Stock Exchange (NSE) has delisted the entire 4,296,330,500 outstanding ordinary shares of Law Union and Rock Insurance Plc (LAWUNION) from the exchange. The delisting followed the conclusion of a scheme of arrangement in which Kanuri LUR Limited acquired all the entire issued shares of Law Union and Rock Insurance Plc.
Prior to the delisting a full trading suspension was placed on the shares of Law Union and Rock Insurance to prevent trading in the shares of the company beyond the effective date of the scheme of arrangement.
