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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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The route to 40m NINS and SIMS in 14 days


THE PUBLIC SPHERE with Chido Nwakanma
Three of the four GSM service providers lead the list of 203 firms the Nigerian Identity Management Commission appointed 16 December as Data Capture Agents to assist it with the registration of Nigerians into the identity database. It came on the commencement of a peremptory two-week deadline for citizens wishing to continue using their phone lines to ensure the integration of their National Identity Numbers (NIN) with their SIM cards domiciled with the telcos. I questioned the rationale for such an imperious order given the circumstance of COVID-19, environmental conditions, time of year, and experience of citizens with attempts at getting either the NIN or the national ID before it. ....

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