Delisting of Studio Press from NGX concluded

Studio Press Nigeria Plc has announced that it has reached an agreement to delist from the Nigerian Exchange (NGX) Ltd.

Mrs Adesua Akintemi of Cautious Services Ltd., Secretaries, signed the notice, which was posted on the NGX website on Thursday.

According to the notice, the delisting was in response to the court’s approval of the scheme of arrangement between Studio Press and the holders of fully paid ordinary shares in relation to Federated Resources Nigeria Ltd’s acquisition of the scheme shares.

It read: “Notice is hereby given to the holders of the scheme shares as defined in the scheme document to contact the company’s registrars for their payoff.

“Holders of such shares should send their account numbers and corresponding share units to Greenwich Registrars and Data Solutions.”

The notice stated that “all correspondences shall be sent to maadeleye@gtiregistrars.com.”