₦airaland Forum

Premier Paints Plc has officially postponed its Mandatory Tender Offer (MTO) by Xenergi Plc, which was originally scheduled to commence on Monday, June 22, 2026.
Core Reason for Delays
• SEC Registration Deficit: The postponement stems from the regulatory necessity to formally register the complete Bid Documents with the Securities and Exchange Commission (SEC).
• Regulatory Clearance Pending: The transaction cannot legally proceed until the company secures the required formal "no-objection" clearance from the SEC.
The Underlying Transaction
• Acquisition Context: Xenergi Plc recently concluded a major equity block purchase of 61,003,350 ordinary shares, securing a dominant 49.60% stake in Premier Paints Plc.
• The MTO Mandate: In absolute accordance with Section 142(4) of the Investments & Securities Act (ISA) 2025, Xenergi is legally mandated to extend a standard tender offer to the remaining minority shareholders.
• Offer Specifics: The targeted takeover buyback involves 2,000,000 ordinary shares (representing a 1.63% equity slice of minority interests).
Key Financial Implications
• Tender Premium Price: Xenergi’s structured MTO price is locked in at ₦38.00 per cash share (net of applicable statutory taxes).
• Current Market Price: Premier Paints Plc is actively trading on the Main Board of the Nigerian Exchange (NGX) under the ticker PREMPAINTS, flatlining at a market close of ₦33.75 per share.
• Arbitrage Window: The ₦38.00 buyback price represents an immediate 12.6% premium markup over the current secondary open-market trading rate.
Next Actionable Steps
1. Await New Timeline: The new target calendar opening window will be publicly broadcast via the NGX immediately upon SEC approval.
2. Review Advisory Channels: Minority investors should verify acceptance mechanics with the designated lead financial adviser, AIICO Capital.

Deap Capital Management & Trust Plc formally completed its corporate name change to Critical Minerals Financing Corp. Plc (CMFC Plc) on June 18, 2026.
Summary of Corporate Changes
• New Name: Critical Minerals Financing Corp. Plc ("CMFC Plc".
• New Headquarters: Number One Lagos, 1, Akin Adesola Street, Victoria Island, Lagos.
• Core Business Pivot: The company has transitioned from traditional capital management into a specialized mining, metals, commodities finance, and investment banking platform.
• Target Minerals: CMFC Plc focuses on capital structuring and financing solutions for sectors including gold, copper, cobalt, lithium, tungsten, tin, and tantalum.
Key Executives & Leadership
• Board Chairman: Mr. Lamon Rutten, a global commodities expert appointed to pilot this strategic transformation.
• Company Secretary: Osammor Otiono & Co.
Current Market Standing
• Stock Exchange Listing: The company remains listed on the Nigerian Exchange Limited (NGX) under its existing ticker DEAPCAP.
• Share Price: As of the latest trading session on June 19, 2026, the stock closed at ₦4.89 per share, gaining 9.89% in a single day following the formal name change announcement.
• Financial Position: The company recently received structural funding, including a ₦2 billion tranche injection, to support its regional expansion and large-scale mining transaction execution across Africa.

yMcy56:
Thomas Wyatt suspension is not yet lifted.
The document you posted was for 2025

Yes, better person. I was only showing an unpleasant pattern.

Xboss1:
Cock and Bull story

Should be your cock, right?

Seems it's now an Annual event with exact periodic timeline...

OlaOfLagos:
Lols funny man

Smiles

Which option is it for you?

Nlfpmod

faoogoke:
Moderator should please remove those discussing Iranian war with U.D and Israel.
I visit this page to read about the stock market.
These other discussions are annoying.
There's a political section to discuss it.

I support you 100%

But it's not possible to remove them on Nairaland. If this was WhatsApp, Facebook, or Telegram, it would have been easy for me to remove them immediately.

Academy Press Plc is at N8.10
Learn Africa Press Plc is at N11.00
University Press Plc is at N5.45

Thomas Wyatt Press Plc is at N2.75


Watch how fast T.W. will Rally and catch up with the Price of U.P.L...

Oasisblue:
I checked their result. Na so so losses. Certainly not buying.

Not even for JIJO?

Since Academy Press Plc, and Learn Africa Press Plc did not both pay Dividends this year, is University Press Plc likely to pay Dividend this year 2026?

ppogba:
If not for speculation, and the normal gambling on the NGX, why should Thomas Wyatt just raly all because of re-listing?
No fundamentals
No corporate action proposed
No sweet news whatsoever.

Abi Dem don dey do pas exercise books, higher education and envelopes ni?

Someone should help my ignorance abeg.

"Abi Dem don dey do pass exercise books?"

To answer your question directly: Yes, they finally tried to do something else, but it hasn’t changed their financial struggles. In a corporate announcement filed with the NGX, Thomas Wyatt Plc officially diversified away from just envelopes, exercise books, and higher education pads. They launched a new manufacturing line for toilet paper and tissue products, under the trademarked brand name "NAPEX".

Check it...

ppogba:
If not for speculation, and the normal gambling on the NGX, why should Thomas Wyatt just raly all because of re-listing?
No fundamentals
No corporate action proposed
No sweet news whatsoever.

Abi Dem don dey do pas exercise books, higher education and envelopes ni?

Someone should help my ignorance abeg.

Well, University Press Plc dividend loading...

https://doclib.ngxgroup.com/Financial_NewsDocs/TANTALIZERS_SIGNS_MOU_TO_ACQUIRE_KARFLEX_FISHERIES.pdf

How is this going so far?

https://doclib.ngxgroup.com/Financial_NewsDocs/47180_PREMIER_PAINTS_PLC.-MANDATORY_TENDER_OFFER_CORPORATE_ACTIONS_JUNE_2026.pdf

How is this going so far?

https://doclib.ngxgroup.com/Financial_NewsDocs/46305_LEGEND_INTERNET_PLC-MERGER_OF_LEGEND_INTERNET_PLC_AND_SPECTRANET_LIMITED_CORPORATE_ACTIONS_MARCH_2026.pdf

What is the latest update on this?

For every 4 shares of Fortis Insurance Plc that you have now, you will receive only 1 unit, after the Share Reconstruction.

https://doclib.ngxgroup.com/Financial_NewsDocs/47190_FORTIS_GLOBAL_INSURANCE_PLC-PUBLIC_NOTICE_OF_SHARE_CAPITAL_RECONSTRUCTION_CORPORATE_ACTIONS_JUNE_2026.pdf

https://doclib.ngxgroup.com/Financial_NewsDocs/AUSTIN_LAZ_-_NOTICE_OF_EGM_MAY_2026.pdf

What was the outcome of this EGM? Who knows?

essentialone:
4 Companies getting ready to return back to the Stock Market very soon are:


1. Multi-Trex Integrated Foods Plc
2. Staco Insurance Plc
3. Thomas Wyatt Nigeria Plc
4. Unity Bank Plc


https://doclib.ngxgroup.com/Financial_NewsDocs/MultiTrex_-_Board_Meeting_Notice.pdf

https://doclib.ngxgroup.com/Financial_NewsDocs/46186_STACO_INSURANCE_PLC-_QUARTER_2_-_FINANCIAL_STATEMENT_FOR_2021_FINANCIAL_STATEMENTS_MARCH_2026.pdf

https://doclib.ngxgroup.com/Financial_NewsDocs/47085_THOMAS_WYATT_NIG._PLC.-_QUARTER_5_-_FINANCIAL_STATEMENT_FOR_2025_FINANCIAL_STATEMENTS_MAY_2026.pdf

Thomas Wyatt Plc finally set to return to the Stock Market tomorrow morning. Expect a massive Rally.

Hmmm

The problem is when you choose a partner because he or she goes to church frequently, without checking deeply their personal characters and their morality.

If you want to know anybody, start by doubting and suspecting them. Continue, until you find nothing to doubt or suspect about them anymore.

If he lived a good life, may his soul Rest in Peace...

So will be the same Fate for a lot of ladies who are presently feeling like the world revolves around them.

What will you do if it was you?