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Headline : Nigeria : SEC declines PZ Cussons’s request to buyout other shareholders and delist

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




Tags : #nigeria #sec #declines #pz #cussonss #request #buyout #shareholders #delist


No. of Paragraph 20

PZ Cussons Nigeria’s attempt to delist from the NGX has hit a roadblock as the Securities and Exchange Commission has declined the company’s request for its major shareholder, PZ Cussons (Holdings) to buy out other shareholders.  

According to a corporate disclosure seen by Nairametrics, PZ Cussons (Holding) intended to buy the shares held by other PZ Cussons Nigeria shareholders at N23 per share. 

However, the SEC declined the company’s request for “No Objection” to this move.  

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


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