CORPORATE NEWS: Falcon Securities ltd, BOC Gases PLC. WAPIC


SEC NIGERIA LIFTS SUSPENSION ON FALCON SECURITIES.
The Securities and Exchange (SEC) of Nigeria has lifted the suspension it imposed on Falcon Securities Ltd.
According to an official statement dated June 17, 2016, the suspension on Falcon and its sponsored individuals from doing any business in the capital market was lifted with effect from June 10, 2016.
It was lifted, says SEC, because Falcon Securities ltd has resolved all issues that led to its suspension and complied with all of SEC's directives.
NEW CEO FOR BOC GASES.
BOC Gases Nigeria PLC has appointed Mr Ayodeji Oseni as its managing director/CEO from July 4, 2016.
According to statement signed by company secretary, G E Oriseh, he takes over from Mr Johann Van Rooyen whose resignation takes effect from that date.
Also, Mr Adebayo Adetunji Adeleke has been appointed to the board of directors as an accepted nominee of TY Holdings and will be invited to the next board meeting.

WAPIC INSURANCE TARGET OFFSHORE

WAPIC Insurance PLC has established global deposit receipt (GDR) programme with Bank of New York Mellon (BNY) with an eye on North America and Europe for funds.

According to a notification signed by company secretary, Mary Agha esq, the level 1 sponsored GDR is based in existing shares and is not accompanied by a listing or capital raising.

The New York bank is the depository bank while Stanbic IBTC will be the local custodian bank.

WAPIC, as a pioneer GDR by insurance in Nigeria, it will provide exposure to the North American and European capital markets.

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