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Multichoice owes Nigeria ₦1 8trillion and $342 5million in taxes, FIRS orders freezing of accounts

Multichoice owes Nigeria ₦1 8trillion and $342 5million in taxes, FIRS orders freezing of accounts
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11Plc Issues Explanatory Statement to Shareholders on Its Proposed Voluntary Delisting from the NSE

This letter is issued following the discussions at the Annual General Meeting (AGM) held on the 14 th of October, 2020, where a resolution was passed amongst other business of the day, in favour of the proposal to delist the total of 360,595,262 ordinary shares of 11 Plc listed on the Nigerian Stock Exchange (the “Transaction”). The purpose of delisting is to enable the Company explore strategic opportunities, alliances and collaborations that can bolster earnings and/or provide synergized benefits with little or no regulatory obligations. Exit Provision Shareholders who disapprove the delisting, can indicate their dissent through the registrar for appropriate consideration as stated in section 3 below.

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