The board of directors of 11 Plc, formerly Mobil Plc, has announced plans to voluntarily delist from the Nigerian Stock Exchange.
The company in a notice to the exchange said the proposal is to be considered for shareholders’ approval at the company’s Annual General Meeting slated for June 2 this year.
It also announced plans to restructure its business by transferring its real estate unit to 11 Hospitality Limited, while 11 Plc will continue to focus on its downstream business.
With this announcement, 11 Plc joins the growing list of public companies that have delisted from the NSE.
