MRS Oil Nigeria Plc, with a market capitalisation of N60 billion, has announced its decision to voluntarily delist all issued shares from the Nigerian Exchange Limited and transition to the NASD OTC Securities Exchange.
As of Friday, the company’s total outstanding shares stood at 342,884,708.00, with the stock closing at N174.9 per share.
According to a statement issued on NGX, the decision was approved at an Extraordinary General Meeting held on June 25, 2024. The move aligns with NGX’s regulatory requirements, specifically Rule 1.10 and Rule 1.13(f), concerning the delisting of equity securities from the official daily listing of the exchange.