At the end of the process, this will add to the total number of companies de-listed from the bourse at seven over the past three years – some voluntary, some enforced. This will reduce the number of companies listed on the bourse to 30.
Currently, PZ Cussons Ghana Limited is in its advanced stage of de-listing, with the commencement of the settlement of successful tenders as part of the de-listing process from the bourse.
A statement issued by the Company to Shareholders indicate that as part of the upcoming Annual General Meeting scheduled on October 15, 2020, a resolution will be put before them with regards to the proposed de-listing.
Currently, Mechanical Lloyd has a total of 50.10 million shares issued on the bourse, with a total market capitalization of GH¢4.51 million.
“The proposed de-listing is in line with Mechanical Lloyd’s strategy to review its business model and structures to re-position the Company going forward. The proposed de-listing will not impact job security, day-to-day operations and relationships with stakeholders,” the statement said.
Mechanical Lloyd will provide shareholders and the general public with further information on the de-listing if the resolution to de-list is passed by the Company’s shareholders. Read Full Story
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