Notore Chemical Industries Plc has officially concluded arrangements to delist its shares from the Nigerian Exchange Limited (NGX), following the implementation of a court-approved Scheme of Arrangement involving the company and its minority shareholders.
In a notice issued to the NGX and made available to the investing public and stakeholders, the company confirmed that the delisting aligns with the provisions of Section 715 of the Companies and Allied Matters Act (CAMA), 2020 (as amended), as well as other applicable regulatory frameworks governing corporate restructurings.
The move transitions Notore from a publicly traded company to a privately held entity, in line with decisions taken by the board and majority shareholders to reposition the company for long-term operational efficiency and capital restructuring.
As part of the Scheme of Arrangement, minority shareholders are entitled to receive a Scheme Consideration for their holdings in the company. Affected shareholders are advised to contact the company’s Registrars—DataMax Registrars Limited—for details and processing of their compensation.
The delisting marks the end of Notore’s listing tenure on the NGX, a period during which the company engaged in the production and marketing of fertilisers and other agro-allied products, contributing significantly to Nigeria’s agricultural value chain.
Market analysts view the exit as part of a broader trend of realignments by listed entities seeking operational flexibility outside the public market, amid evolving economic and regulatory landscapes.
