The board of the
In an advertorial signed by the Company Secretary, Eseose Okiwelu, NGX said the four companies failed to address some deficiencies communicated to them, reasons for their withdrawal from the stock exchange.
It stated that after engagement with the affected companies on issues identified with a view to returning them to full compliance with its post Listing obligations, its efforts were unproductive as they failed to take appropriate steps to cure the identified deficiencies.
"The Exchange subsequently published final delisting notices in two newspapers on
It added that the Exchange notified the companies of its intention to delist them from the daily official list due to their non-compliance with the provisions of its Post Listing Rules and granted them an additional period of one month to cure their compliance deficiencies, failing when they would be delisted."
However, they failed to take appropriate steps to regularize their listing status despite the warnings, thus, it became necessary to proceed with the delisting of the issuers from its daily listings.
"The affected issuers have been duly notified of these enforcement actions and this publication serves as notification to the general public, particularly shareholders of these companies and investors in the Nigerian Capital Market."
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