Breaking News; ARDOVA PLC plans to delist from NGX

Ardova PLC (“Ardova” or the “Company”) has notified the Nigerian Exchange Limited (“NGX”) that Ignite Investments & Commodities Limited has approached the Board of Directors of the Company with an intention to acquire the shares held by other shareholders of the Company at an offer price of ₦17.38 per share and subsequently delist the Company from NGX (the “Proposed Transaction”).

Meanwhile, the coys share price closed at N17.65 today.

Ardova Plc is a leading Nigerian indigenous and integrated energy company involved in distributing petroleum products. With an extensive network of over 450 retail outlets in Nigeria and significant storage facilities in Apapa, Lagos, and Onne, Rivers State, we procure and distribute petrol (PMS), diesel (AGO), kerosene (DPK), and liquefied petroleum gas (LPG).  Femi Otedola owns Forte Oil, he sold the company and the company changed its name to Ardova PLC. 

Read more about Ardova PLC's financial document here. Ardova investors relations page.