BUSINESS

Studio Press concludes delisting from NGX

Published

3 years ago

December 23, 2021

Itohan Abara-laserian

Studio Press Nigeria Plc has given a notice that it has concluded arrangements to be delisted from the Nigerian Exchange (NGX) Ltd.

The notice, signed by Mrs Adesua Akintemi of Cautious Services Ltd., Secretaries, was posted on the website of the NGX on Thursday.

According to the notice, the delisting was in furtherance to the court sanction of the scheme of arrangement between Studio Press and the holders of the fully paid ordinary shares, with respect to the acquiring of the scheme shares by Federated Resources Nigeria Ltd.

It read: “Notice is hereby given to the holders of the scheme shares as defined in the scheme document to contact the company’s registrars for their payoff.”

“Holders of such shares are to forward their account numbers with corresponding units of shares to Greenwich Registrars and Data Solutions.”

“All correspondences shall be sent to [email protected],” the notice explained.

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Itohan Abara-laserian

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