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Headline : MRS Oil Nigeria seeks shareholders’ approval to delist from the Nigerian Exchange

Read more from the original article on here at www.african-markets.com.




Tags : #mrs #oil #nigeria #seeks #shareholders #approval #delist #nigerian #exchange


No. of Paragraph 24

The Board of MRS Oil Nigeria Plc will, at the company’s Extraordinary General Meeting (EGM), request shareholders’ endorsement to voluntarily delist from the Nigerian Exchange Limited (NGX).

The decision to exit from the NGX was contained in the notice of an Extraordinary General Meeting to be held in Lagos on May 21, 2024.

The company will also seek shareholders’ approval for its Memorandum and Articles of Association (MemArts) to be modified to allow for a share buyback and share capital reduction.

This will be carried out in accordance with applicable laws and regulations at the discretion of the board.

Read more from the original article on here at www.african-markets.com.


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