Honeywell Flour Mills Plc (Nigeria) – Notification of mandatory takeover offer by Flour Mills of Nigeria
Honeywell Flour Mills Plc (“Honeywell” or “the Company”) announces to Nigerian Exchange Limited that Flour Mills of Nigeria Pic {”Flour Mills”) has notified the Company of a Mandatory Takeover Offer (“MTO”) that will be made to shareholders of Honeywell by Ecowise Horizon Investment Limited and Greywise Investment Solution Limited.
The Mandatory Takeover Offer – for 79,301,976 Ordinary Shares of 50 kobo each in the Company – represents 1% of the total shareholding of Honeywell Flour Mills Pic. FMN has also received the Securities & Exchange Commission’s approval to launch the MTO.
Ecowise Horizon Investment Limited and Greywise Investment Solution Limited own an aggregate of 6,086,381,572 Ordinary Shares of 50 kobo each, representing 76.75% of the total issued and paid-up capital of Honeywell Flour Mills Plc.
The Qualification Date for the MTO is 5:00pm on Thursday August 5, 2022; being the settlement date for all trades that are executed on Friday July 29, 2022.
Osomomen L. Olukoya
Company Secretary