The NSE suspends trading in shares of Avon Crowncaps

Avon crowncaps

The Nigerian Stock Exchange (NSE) has notified dealing memebers that trading on the Shares of Avon Crowncaps & Containers (Nig.) Plc (“the Company”) on the Floor of The Nigerian Stock Exchange (“The Exchange”) has been suspended effective today, 31 August 2017.

The exchange said in a statement that it is in compliance with the approved Scheme of arrangement between the Company and holders of its fully paid ordinary shares which will lead to the voluntary delisting of the company from the official list of The Exchange.

About the company

Avon Crowncaps and Containers (Nigeria) Plc is Nigeria’s leading manufacturer of metal packaging products – a one stop shop for all your metal packaging requirements.

Avon manufactures crowncaps, screw caps, metal containers which are used for packaging of baby foods, milk powder, beverages, insecticides, chemicals and agro based products. Avon is also a leading supplier of tinlets for packing ointments, balms etc, pilfer proof caps used in the pharmaceutical industry and metal drums used by the oil and lubricants industry.

Avon is an ISO 9001:2008 and ISO 22000:2005 (Food Safety Management Systems) certified company. It is a member of SEDEX which provides member companies with a secure online platform for sharing and managing information on four key compliance related areas: health and safety, labour standards, business ethics and the environment.