Mechanical Lloyd to delist from GSE on 16th April

Mechanical Lloyd has announced its delisting from the Ghana Stock Exchange, effective Friday 16th April, 2021.

Already, 165 shareholders have tendered in a total of 2.8 million ordinary shares. To this end, a settlement to all applicants was concluded on 8th April 2021 per the offer timetable.

GH3,920 has also been transferred to the Universal Merchant Bank account as total regulatory levies payable.

The company offered to purchase the outstanding shares at 10 pesewas per share, representing a premium of 11.1%. 

Shareholders of the automobile approved the delisting of the company from the Ghana Stock Exchange in October last year.

Source: Joy Business

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