Diamond Bank Plc. (“Diamond Bank”) announces that the Federal High Court of Nigeria has on March 19, 2019 sanctioned the Scheme of Merger pursuant to which Access Bank Plc will acquire the entire issued share capital of Diamond Bank through a cash and share exchange (the “Merger”).

All conditions to the Merger, including the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC) regulatory approvals have been satisfied and the Scheme is now effective.

The Scheme record time was 6.00 p.m. (Nigerian time) on 19 March 2019, and no transfers of Diamond Bank shares is expected after this time.

Trading in the shares of Diamond Bank has been suspended on The Nigerian Stock Exchange effective March 20, 2019.

Diamond Bank further announces that the Directors hereby seize to be Directors of the dissolved Diamond Bank Plc effective March 19, 2019.

The Merger is expected to be completed on 1 April 2019. Full details of the Merger, including the terms and conditions of the Scheme and the Merger, are set out in the Scheme Document dated 24 January 2019.

Source: https://lailasnews.com/court-sanctions-access-bank-diamond-bank-merger/

It's more of acquisition than merger. Access Bank shares is a hot cake now. Will trade at N12 by next week

Good...am thinking of opening an akant with Access.

Meaning what?

Some people wl lose dia job sef

Truly no Bank is too big to fail.

The country is a kill joy

theoldpretender:
Good...am thinking of opening an akant with Access.

Biko wait till d merge is over. They've been f**king up big time lately

some people dey fear.

so whats the new name

Chai...diamond bank! What will happen to our accounts with dbank now?

hisexcellency34:
It's more of acquisition than merger. Access Bank shares is a hot cake now. Will trade at N12 by next week

highly unlikely

An upswing, yes

But double the price in one week?

Unlikely

Wow

Ok

Why, someone should educate me why the sanction?

I will do keyword research and rank your business on Google
check my profile

Diamond Bank further announces that the Directors hereby seize to be Directors of the dissolved Diamond Bank Plc effective March 19, 2019.


Guys its my birthday!

Diacmond Bank or Accmond Bank.

Let the Name merger begin........

Thank God

What made me like this merger is that the two banks are igbo banks...I will follow daimond to Access

The God of the universe warns against observing times in the following verse of the Bible:

Leviticus 19:26
Ye shall not eat any thing with the blood: neither shall ye use enchantment, nor observe times.

Mr William Kumuyi teaches people to observe midnight as the time when miracles should be expected in his sermon in the following article:

https://www.thetruechristianfaith.com/william-kumuyi-teacher-of-falsehood/

Between the Author of the Bible and Mr Kumuyi, who do you think we should believe?

Pentecostalism is witchcraft. The best of the Pentecostals is still a witch.

Diamond Bank messed up big time. From one of the best to nothing.

I am reading Merger, I am comprehending Acquisition. Is my brain OK?

I Thought everything was legal

theoldpretender:
Good...am thinking of opening an akant with Access.

don't open your death warranty ooo . i beg u

I think it is rather an acquisition other than ordinary merger. Events in the coming days will tell

I don't know why they always say merger, when the other bank is taking over the other bank, is that not an acquisition? And if is not an acquisition how come the managers of the existing bank will seized to be managers after the other bank takes over?

Come and see panic at Diamondbank offices now

Topmaike007:
What made me like this merger is that the two banks are igbo banks...I will follow daimond to Access

Access is not Igbo, well the current M.D is but the founder isn't.

IT'S REALLY A GREAT NEWS TO ME; DIAMOND BANK WAY FRUSTRATE ME 2016