The Nigerian Exchange (NGX) has started the delisting job for the removal of the shares of GlaxoSmithKline Consumer Nigeria (GSK Nigeria) Plc from the stock market.
A regulatory doc obtained the previous day indicated that the NGX has suspended buying and selling on the shares of GSK Nigeria.
The NGX stated that the suspension of buying and selling became a sequel to the approval of the Device of Plan between GSK Nigeria and holders of its totally paid traditional shares by the Securities and Exchange Price and the sanctioning of the identical draw by the Federal Excessive Court.
The suspension, which started on Monday, January 22, 2024, became a fat suspension, implying there wouldn’t be any buying and selling or model shuffle henceforth on the shares.
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“The suspension became to dwell additional buying and selling on the shares of the corporate on condition that the effective date of the draw of association became Friday, 19 January 2024, being the day the Court Sanction became filed with the Corporate Affairs Price and to enable the Registrars to interchange the register of people for fee of the Device consideration and eventual delisting of the corporate from the NGX,” NGX stated.
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