InfoStride News reports that following the delisting of Consolidated Hallmark Insurance shares, more than 10.84 billion units of the newly established entity, Consolidated Hallmark Holdings Plc, have been listed on the Nigerian Exchange Limited (NGX).
In a market bulletin released by Godstime Iwenekhai, the Head of Listings Regulation Department at NGX Regulation, it was announced that the entire 10,840,000,000 issued shares of Consolidated Hallmark had been delisted from the Daily Official List of the Nigerian Exchange Limited on Monday.
The bulletin stated, “Consolidated Hallmark HoldCo’s entire issued share capital of 10,840,000,000 ordinary shares of 50 Kobo each were also today, listed on the Daily Official List of NGX at N0.50 per share.”

On November 20, InfoStride News highlighted that NGX had completely suspended trading of Consolidated Hallmark Insurance shares as part of the preparations for its delisting and the subsequent listing of its holding company, Consolidated Hallmark Holdings Plc.
This delisting and listing process was executed under the Scheme of Arrangement approved by the Securities and Exchange Commission and sanctioned by the Court between Consolidated Hallmark and its fully paid ordinary shareholders of 50 Kobo each.
The shareholders’ approval for the company’s transition into a holding company was granted during the court-ordered meeting on November 1, 2022. However, the suspension of trading in the company’s stocks occurred after an emergency board meeting held on November 15, 2023.
InfoStride News shared the NGX notice, stating, “The suspension is necessary to prevent trading in the shares of the Company and to enable the Company to reconcile its books with CSCS for delisting of Consolidated Hallmark Insurance Plc and listing of Consolidated Hallmark Holdings Plc. The suspension is required to determine the shareholders who will qualify for the consideration.”
The shares of the Holdco commenced trading at N1.09 per unit and concluded Wednesday’s trading session on the gainers’ chart at N1.3 per unit, reflecting a 9.24% appreciation. This development underscores the dynamic shifts in the Nigerian investment landscape and the evolving nature of companies within the Nigerian Exchange Limited. InfoStride News will continue to monitor and report on developments in the financial markets to keep readers informed and updated.
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