Following the end of the tender offer and successful settlement of all tendering shareholders, PZ Cussons Ghana Limited (“PZ Cussons” or the “Company”) has announced the Company’s de-listing from the Ghana Stock Exchange (“GSE”) effective from yesterday19th October, 2020. The offer results and de-listing have been approved by the GSE. This ends the stockmarket history of one of te pioneer listed stocks in Ghana and one regarded as a blue-chip stock.
Out of a total of 2,079 shareholders represented in the register, 410 shareholders tendered a total of 8,830,143 shares valued at GHS 3,973,564.35, representing 53.37% of the total number of shares under the offer.
PZ Cussons (Holdings) Limited, the majority shareholder therefore now holds 160,432,149 shares, representing 95.50% of the issued shares of PZ Cussons.
The tendered shares have been transferred to the ownership of PZ Cussons (Holdings) Limited by the Registrar, UMB Registrars.
After the De-Listing
Now that PZ Cussons is de-listed from the Ghana Stock Exchange, the company’s shares will no longer be traded on the GSE. Therefore, shareholders who wish to trade their shares after the de-listing should contact UMB Registrars or IC Securities (Ghana) Limited for assistance.