NGX Delists Med-View Airline, Capital Oil, Goldlink Insurance: The shares of Med-View Airline Plc, Capital Oil Plc, and Goldlink Insurance Plc have been delisted from the trading platform of the Nigerian Exchange (NGX) Limited.
This action followed the inability of the companies to meet the standards of the NGX for trading its securities.
In a notice, Customs Street delisted the equities of the publicly-quoted firms from Thursday, April 3, 2025, “on the grounds that they are operating below the listing standards of NGX, and their securities are no longer considered suitable for continued listing and trading in the market.”
It was stated that the removal of the three organisations was in compliance with the provisions of Clause 14 of the Amended Form of General Undertaking, for listing on Nigerian Exchange Limited General Undertaking.
This clause states that, “The exchange reserves the right to, at its sole and absolute discretion, suspend trading in any listed securities of the issuer, delist such securities, or remove the name of the issuer from the daily official list of the exchange with or without prior notice to the issuer, upon failure of the issuer to comply with any one or more of the provisions of this General Undertaking, or when in its sole discretion, The exchange determines that such suspension of trading or delisting is in the public interest, or otherwise warranted.”
Gistblogbase reports that the last share price of Capital Oil on the Nigerian Exchange before its exit was 20 Kobo, Goldlink Insurance was also 20 Kobo, while Med-View Airline was N1.62.
