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11 Plc, formerly Mobil, to delist from NSE after 43 years of trading
February 10
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The company has been trading on the stock market for 43 years.
In a notice published on the stock exchange website on Tuesday, the company said the aim of delisting is to explore strategic opportunities, alliances and collaborations that can bolster earnings and provide synergized benefits.
“11 Plc will be able to focus on revenue generation, consider strategic opportunities, alliances & collaborations; and tremendously shift from regulatory, administrative, and financial reporting regulations that companies listed on the Nigerian Stock Exchange must adhere to,” it said.
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According to the notice, a resolution was passed at the annual general meeting that held on October 14, 2020, to delist the 360,595,262 ordinary shares of the company listed on the stock exchange.