NGX stated that trading in the shares of Global Spectrum Energy Services Plc was suspended on Tuesday.
“The suspension is necessary to prevent trading in the shares of the company in preparation for the delisting of the securities of the company in line with the approval obtained from Nigerian Exchange Limited,” the NGX said. In a notice signed by the company’s secretary, Adetola Raheem, in 2022, the energy service company said that the decision to delist from the Nigerian capital market was made during a meeting of the board of directors of Global Spectrum Energy Services Plc on February 28, 2022.
Afterwards, the company’s board of directors recommended voluntary delisting in a written resolution dated March 24, 2022, it stated.
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