11Plc shareholders approve N3.06bn dividend payment

11Plc shareholders approve N3.06bn dividend payment

11Plc shareholders approve N3.06bn dividend payment     Shareholders of 11Plc, a downstream oil and gas company, have approved the dividend payment of N3.06bn for the 2020 financial year. The approval was given at the 43rd Annual General Meeting (AGM) of the company in Abuja, the company said in a statement on Friday. Recall that the company recently completed its voluntary delisting from the Nigerian Exchange Limited during which it offloaded N82.22 billion from the local bourse. 11Plc, formerly Mobil Oil Nigeria Plc, assured the shareholders of its commitment to…

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NGX market CAP quivers as 11 Plc offloads N82.22bn by delisting

11Plc shareholders approve N3.06bn dividend payment

NGX market CAP quivers as 11 Plc offloads N82.22bn by delisting   The aggregate valuation of equities at the Nigerian Exchange Limited took a negative direction on Friday despite a 0.21 per cent rise in the All-share Index (ASI), the market’s benchmark tracker of share prices, at the close of the session. The contrasting experience was occasioned by the exit of 11 Plc (formerly Mobil Oil Nigeria Limited) from the capital market. Management of the bourse informed the market and investing public that the entire shares of 11 Plc were…

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11 Plc begin process of delisting from NGSE, offers n213.90 per share

11Plc shareholders approve N3.06bn dividend payment

11 Plc begin process of delisting from NGSE, offers n213.90 per share     The number of companies listed on the Nigerian Stock Exchange (NSE), is about to reduce by one soon, following Tuesday’s announcement by the board of oil and gas giant- 11 Plc (formerly Mobil Nigeria Plc, to commence the formal process of voluntarily delisting its entire 360,595,262 ordinary shares from the daily official list. The move, according to the explanatory statement to shareholders, “is to enable the company explore strategic opportunities, alliances and collaborations that can bolster…

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Shareholders approve delisting of 11 Plc from NSE

11Plc shareholders approve N3.06bn dividend payment

Shareholders of 11Plc (formerly Mobil Oil Nigeria Plc) have approved the company’s proposals to voluntarily delist from the Nigerian Stock Exchange. The approval was part of the resolution at the company’s Annual General Meeting (AGM) held in Abuja. The shareholders also approved the transfer of the real estate portfolio of the oil company to a wholly owned subsidiary, 11 Hospitality Limited. The meeting also approved distribution of N2.975 billion as cash dividend for the 2019 business year, representing a dividend per share of N8.25. The board of Directors of 11…

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