UNIC Insurance Suspends Trading of Shares

By Dipo Olowookere

The management of UNIC Insurance Plc has placed its shares on full suspension in compliance with the process required for the approved scheme of arrangement between it and holders of its fully paid ordinary shares.

This means investors would be unable to buy and sell the shares of UNIC Insurance Plc on the Nigerian Stock Exchange (NSE).

In a notice to the NSE, the firm said the shares were placed on suspension from Wednesday, March 22, 2017.

“The ordinary Shares of UNIC Insurance Plc were placed on full suspension from trading on The Floor of The Exchange effective, 22 March 2017,” the firm said in the notice.