Notore Chemical Industries Plc has officially exited the Nigerian Exchange Limited (NGX) following the completion of its voluntary delisting process.

According to the NGX weekly report, the company’s entire issued share capital was formally removed from the Daily Official List of the Exchange on Friday, July 4, 2025, marking the end of its status as a publicly listed entity.

The development was sequel to an earlier notification by NGX via a Market Bulletin dated June 11, 2025, which informed market participants of the suspension of trading in Notore’s securities. The suspension was part of regulatory procedures to facilitate the delisting process and ensure an orderly withdrawal from the Exchange.

The NGX has confirmed that it approved Notore’s application to voluntarily delist its entire issued share capital from the platform.

The company’s shares are no longer eligible for trading on the secondary market, effectively concluding its presence on the NGX’s Daily Official List.

While the Exchange’s bulletin did not provide specific reasons for the company’s delisting, market analysts suggest that factors such as low free float, limited liquidity, or strategic corporate restructuring could have influenced the decision.

Companies typically opt for voluntary delisting to streamline operations, reduce regulatory compliance costs, or restructure ownership away from public scrutiny.

Notore had earlier obtained shareholder approval for the delisting via a Scheme of Arrangement, as is customary in such transactions.