Hello Guys,

I got a text from GTB today stating that 1000+ was paid into my account from the merger of flour mills with Bagco. Abeg I want to know,is it that they are paying people back in commensurate with their shares or its just dividend payment because I know Bagco has not paid me any dividend or bonus since I bought it.

Thanks.

How many units of shares do you have with them?

I think about 1000 or 2000 or less cant be ao sure but do u have any idea if they paid people cash back for their shares becos I didn't request for that

debeey87: Hello Guys,
I got a text from GTB today stating that 1000+ was paid into my account from the merger of flour mills with Bagco. Abeg I want to know,is it that they are paying people back in comensurate with their shares or its just dividend payment because I know bagco has not paid me any dividend or bonus since I bought it.

Thanks

There was an arrangement by Flour Mills to take over bagco plc. Shareholders were all advised to fill a form indicating if they wanted to convert their shares to Flour Mills or to be given cash for the Bagco shares they had. In the arrangement if you wanted cash, you will be paid N2.75 for any bagco shares you had while the Bagco shares will be converted to Flour mills at 25 shares to one Flour Mills.

Since you did not indicate that you wanted Flour Mills shares, the obviously you will be paid the cash...enjoy!!