MRS Offers To Buy-Back Minority Shares As Company Plans To Delist From NGX After 54 Years

One of Nigeria’s oldest downstream players, MRS Oil Nigeria Plc is seeking permission from shareholders to delist from the Nigerian Exchange Ltd and commence share buyback of minority shares.

The company said its board is offering interested shareholders N135 per share to exit the company. But the move is still subject to approval at the next Extraordinary General Meeting of the company on June 25 and July 1, 2024.