Ashaka Cement Plc has formally notified its shareholders and the general public of its delisting from the Nigerian Stock Exchange (NSE).
In a statement issued on Tuesday signed by company secretary, Zainab Silas-Umaru, the firm said the delisting takes effect immediately.
According to the statement “Application for the voluntary delisting of Ashaka Cement was approved on May 25, 2017 by the Quotation Committee of the National Council of the NSE.
“The shareholders of Ashaka Cement Plc and the general public are hereby formally notified that the company has been voluntarily delisted from the daily official list of the Nigerian Stock Exchange (NSE) effective today, July 4, 2017.
“Following the voluntary delisting, former shareholders of Ashaka Cement who have exercised the option to exit the company prior to the delisting will receive as agreed at the Extra-Ordinary General Meeting held on December 9, 2016; 57 Lafarge Africa Plc shares for every 202 Ashaka Cement share previously held as well as cash consideration of NGN2 per share," it added.
