WorldStage Newsonline– BOC Gases Nigeria PLC, a member of the Linde Group, a world leading supplier of industrial, process and speciality gases has notified the Nigerian Stock Exchange (NSE) that BOC Holdings (BOC UK), the holder of 249,746,823 ordinary shares of the company has entered into a binding share purchase agreement dated 16 November 2020 with TY Holdings Limited for the purchase of its entire shareholding and certain claims owing by BOC Nigeria to BOC UK and certain other members of the Linde plc group.
The 249,746,823 ordinary shares represents approximately 60% of the issued share capital in BOC Gases Nigeria.
General Theophilus Yakubu Danjuma, the Chief of Army Staff from July 1975 to October 1979 and a politician who has played a key role in the history of Nigeria is the chairman of TY Holdings Limited
The notice by BOC Nigeria at the Nigerian Stock Exchange on Monday, November 16, 2020 said, “We understand that the Proposed Transaction is currently at a preliminary stage and its consummation is subject to the requisite regulatory approvals being obtained from The NSE, the Nigerian Securities and Exchange Commission and the Federal Competition and Consumer Protection Commission in accordance with the Share Purchase Agreement.
“Shareholders of BOC Nigeria are advised to exercise caution when dealing in the shares ofBOC Nigeria until a further announcement is made.”
Established in 1989, TY Holdings Ltd is a Private Limited Company based in Lagos, Nigeria. The organisation operates in the Holding Companies sector, and has 5 branches, subsidiaries and associated companies.
