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Eaton Acquisitions Limited

6 Nov 2018
Nigeria's Security Exchange Commission Tuesday invalidated the 48th annual general meeting of NEM Insurance held in June and all the resolutions reached at the meeting. The insurance was also mandated to reconvene the AGM, with proper notice given to shareholders and in line with extant laws. Nigerian Stock Exchange had fined the insurance company the…
28 Oct 2018
The Nigerian Stock Exchange has fined NEM Insurance Plc the sum of N575,505.00 for contravening Section 19:8 of its Rulebook. The section states in part, "Upon receiving the approval of The Exchange every Issuer shall immediately publish on its website the Notice of Meeting, circulars, annual reports, scheme document and other information memorandum that will…
30 Aug 2018
Eaton Acquisitions Limited, an investment company, has increased its stake in NEM Insurance to 9%, days after it announced the acquisition of 4% of the insurance company. While the initial 130 million shares sold at ₦4 each, representing a premium of 40.35% against the closing share price of ₦2.85, the new shares were acquired at a lower value.
29 Aug 2018
Eaton Acquisitions Limited, an investment company, has increased its stake in NEM Insurance to 9%, days after it announced the acquisition of 4% of the insurance company. While the initial 130 million shares sold at ₦4 each, representing a premium of 40.35% against the closing share price of ₦2.85, the new shares were acquired at…
19 Aug 2018
Eaton Acquisitions Limited, an investment company that focuses on identifying listed companies with high growth potential and investing, has announced the completion of the purchase of 130 million shares of NEM Insurance Plc. The cross deal, which has caught the attention of market watchers, sees Eaton, which was seeking to acquire 10%, buy 4% stake…

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