11 Plc Extends Dissenting Period for its Proposed Delisting


Wednesday, March 03, 2021 / 11:09AM / NSE / Header Image Credit: Mobil

We refer to 11 Plc or ("the Company") explanatory notes published on the Nigerian Stock Exchange's website on the 9th of February, 2021 in which we notified esteemed Shareholders, Stakeholders, the Exchange and the general public of the details of the proposed delisting of the company from the floors of the Exchange.

As highlighted in the explanatory note, the company stated that "11 Plc shareholders will be able to elect to accept the Exit Consideration from February 1, 2021 to March 1, 2021" and has through the registrar successfully dispatched the explanatory notes to all shareholders to help guide their decision.

Considering that this is a strategic decision, 11 Plc has decided to extend the election period by ten (10) working days in order to allow shareholders enough time to make their decision and ensure a fair process.

Therefore, shareholders that still wish to dissent should please forward their completed election forms to the Registrar- Greenwich Registrars & Data Solutions Limited located at 274 Murtala Muhammed Way, Alagomeji-Yaba on or before Monday, 15th of March, 2021.

It is however necessary to reiterate that Shareholders that intend to remain members of the company are free to remain and may decide to keep their shares (which will be tradable on the NASD OTC platform).

Visit 11 Plc IR Page in Proshare MARKETS

Graph - One Year Share Price Movement

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Table:  Q3 2020 Unaudited Results

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