Tuesday, November 25, 2014 11.35AM/NSE
On Monday, 23 June 2014, The Nigerian Stock Exchange (The Exchange) published a notice of its intention to delist 24 listed companies from its Daily Official List, arising from their non-compliance with provisions of the Listings Rules of The Exchange and pursuant to Clause 15 of the General Undertaking.
The notice provided a 3 month window for each of the affected listed companies to regularize its listing status with The Exchange. Subsequently, a final delisting notice was published on Tuesday, October 14, 2014. As of today, 1 of the affected companies has fully regularized its listing status. Further, 19 companies have taken some steps to regularize their listing status. The Exchange will continue to engage these 19 companies with a view to bringing them into compliance with their post listing obligations.
However, the 4 companies listed below have failed to take any/or appropriate steps to regularize their listing status:
2. Afroil Plc
Therefore, The Exchange has proceeded to delist them, effective Monday, November 24, 2014.