MRS Shareholders Approve NGX Delisting and NASD Listing

Shareholders of MRS Nigeria Limit to have approved THE voluntary radiation of THE the company actions Since THE Nigerian Exchange Limit {NGX} And THE subsequent SEO of THE actions on NASD Over the counter Securities Exchange

According to has A notice sent has THE NGX, THE approval was part of THE resolutions pass has THE Extraordinary General Meeting MRS Nigeria, detained on June 25, 2024, has THE Civic Center, OzumbaMbadiwe Street, Victoria Island, Lagos.

According to has THE statement, THE Advice of Directors was Also allowed has determine THE terms And terms For THE radiation, including Hourly, dissident shareholder provisions, And regulatory approvals.

Related Posts

He was Also approved that THE the company Memorandum And Articles of Association will be amended has permit A share redeem And share capital reduction.

THE business was Also allowed has buy back actions And reduce share capital as necessary, particularly For dissident shareholders, In compliance with laws And regulations.

After the buyout, THE the company Memorandum And Articles of Association will be update has reflect THE new share capital.

After radiation, THE Advice was allowed has list THE the company actions on THE NASD Over the counter Securities Exchange has ensure compliance with SECOND rules on trade Unlisted titles.

According to has THE statement sign by THE the company secretary, Mrs. O.M. Jafojo, as part of special business, shareholders considered And pass, with Or without modification, THE following subjoint resolutions as special resolutions:

"That THE voluntary radiation of all THE The company issued actions Since THE every day official list of Nigerian Exchange Limit (THE "Voluntary Radiation ") be And East hereby approved, on such terms And terms (including but not limit has Hourly of Implementation, provisions For dissident shareholders (if any of them) And THE accomplishment of specific terms previous has efficiency (if any of them)), that THE Advice of Directors of THE Business (THE "Advice") estimated appropriate In connection with THE Voluntary Radiation ; And subject has obtaining all required regulatory approvals”, THE statement read.

"That THE Memorandum And Articles of Association (“MemArts”) of THE Business be And are hereby amended has to allow THE Business has undertake A share redeem And share capital reduction.

"That THE Business East And East hereby allowed has undertake A share redeem And share capital reduction In connection with any of them of It is issued actions which can be bought Since dissident shareholders Or necessary as A result of THE Voluntary Radiation ; on such terms And terms, In such volumes And has such times as THE Advice estimated adjust; subject has, And In compliance with, in force laws And regulations. THE MemArts of THE Business be amended on completion of THE share redeem And share capital reduction, has reflect THE The company update share capital.

That on conclusion of THE Voluntary Radiation, And while THE Business remains A public limit responsibility business, THE Advice be And East hereby allowed has take all such action as can be required, has admit THE The company actions on THE NASD Over the counter Securities Exchange In order has ensure that relationships In THE The company actions are implemented In compliance with THE Securities And Exchange Commissions Rules on Trade In Unlisted Titles".

He will be recalled that THE Advice of MRS Oil Nigeria PLC said that as part of exit consideration Since THE Nigerian Exchange Limit (NGX), he will pay dissident shareholders 135.00 Naira by ordinary share of 50 Kobo each.

THE business said THE consideration East In compliance with THE NGX Rules For Radiation of Equity Securities Since THE Every day Official List of THE Exchange, which MRS Oil East required has provide adequate provisions For purchase THE interests of dissident shareholders.

According to has these requirements, THE share price For acquire such interests must not be less that THE The highest price has which MRS Oils actions negotiated during THE six month previous THE notice of THE Extraordinary General Meeting (AGE).

MRS farm It is last trade day on THURSDAY, June 27, 2024, has 135.00 Naira by share on THE Nigerian Action Exchange (NGX). MRS Oil began THE year with A share price of N105.00 And has Since won 28.6 percent on THE price evaluation

ALSO READ: ICPC refutes recruitment announcement as false

Keywords: radiationMRS shareholders