Grief Nigeria finally delists from NSE

Greif Nigeria Plc has completed plans to delist from the Nigerian Stock Exchange (NSE).

It made this public in a notice filed to the Nigerian Bourse and investing public after 84 shareholders assented to the resolutions passed at the meeting.

As a result, the Company’s Land and Buildings known and designated as “the Factory at No.1 Alapata Road, Apapa, Lagos and the two Residential Houses as No. 3/5 Barracks Road, Apapa, Lagos” will be sold at a price and upon such terms and conditions negotiated and determined by the Board.

In addition, the company’s shares will be delisted from the Nigerian Stock Exchange and their entire issued share capital canceled.

Grief's decision to delist from the NSE stemmed from a history of operating well below operating costs, below direct material costs, without any signs of improved market conditions.