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

11 PLC

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

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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