NGX approves delisting of Capital Hotels Plc shares

The Nigeria Exchange Limited (NGX) has approved the delisting of shares of Capital Hotels Plc to enable the company to explore strategic opportunities.

This was disclosed via a corporate filing statement sent to Nigeria Exchange Limited where the hospitality company revealed the terms given by the exchange to enable the company to proceed with the delisting process.

Capital Hotels revealed that NGX had approved the delisting application provided the company opened an escrow account where shareholders who had agreed to exit would be paid.