PUBLIC NOTICE TO SHAREHOLDERS OF GREAT NIGERIA INSURANCE PLC ON THE VOLUNTARY DELISTING OF GREAT NIGERIA INSURANCE PLC FROM THE NIGERIAN STOCK EXCHANGE

The Management of Great Nigeria Insurance Plc (“GNI Plc” or the “Company”) has notified the Nigerian Stock Exchange (NSE), via an application that pursuant to the Listing Rules of the Nigerian Stock Exchange, the Company would be voluntarily delisting from the Exchange as recommended by its Board of Directors.

The Stock Exchange approved the delisting application subject to GNI Plc’s evidence of opening an escrow account in the Registrar’s name and evidence that shareholders who have accepted to exit have been paid.

Subsequent on the above, GNI Plc has opened an escrow account with GTL Registrars and Data Solutions Limited and provided sufficient funds to shareholders who as at October 24, 2018 have accepted the Exit Consideration of N0.50 per share (“Exit Consideration”) based on the highest price of N0.50 at which GNI Plc has traded in the last six (6) months preceding the date of the AGM/EGM where the resolution to de-list was passed.

Please click on GREAT NIGERIA INSURANCE PLC to view the full notice from GNI Plc.