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Major Shareholders Plan To Sell Stakes In Eternal Oil
#1
Major Shareholders Plan To Sell Stakes In Eternal Oil

StockmanNigeria

[Image: 930x693_Eternal.png]

This is to inform the Nigerian Stock Exchange and the investing public that some of our substantial shareholders have formally informed the Board of Eterna Plc (the Company) that they are in negotiations to sell equity holdings in the Company to a ‘New Investor’. As part of the process of the prospective sale, the proposed New Investor intends to undertake due diligence exercise on the Company.

The Board has reviewed the request for due diligence and approved the same at its meeting held today (21st December 2020). We notify the Exchange in fulfillment of our obligation to report such matters and will continue to do so in line with the guidelines. However, as a shareholder driven transaction, the Company is yet to have full details of the transaction
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