Ardova Shareholders To Receive N17.88 Per Share In New Transfer Deal
Ardova Shareholders To Receive N17.88 Per Share In New Transfer Deal
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Ardova Shareholders To Receive N17.88 Per Share In New Transfer Deal
The shareholders of Ardova Plc (AP), have approved the transfer of shares at N17.88 per share back to the company.
Consummating the deal will mark the exit point for Ardova from the Nigerian bourse, fifty-three years after its precursor, African Petroleum, was admitted to the stock market.Keywords: Ardova, Nigerian Exchange
The settlement followed a ruling last October by the London Court of International Arbitration.
Nigeria, with a population of over 220 million people, remains the most populous Black nation. It is still Africa's largest economy, with a GDP of $440.78 billion in 2021 (the highest on the continent) and expected to reach $454.00 billion by the end of 2022. The GDP size is an indication of the high volume