The company stated this in a notice of Extra General Meeting (EGM) posted on the Nigerian Stock Exchange (NSE) website and signed by Oladeinde Nelson-Cole, the acting Company Secretary. Forte Oil (FO) Plc on Monday notified its shareholders of plans for a name change to Ardova Plc.
The company would be seeking shareholders’ resolution for a name change at an EGM slated for Dec. 17.
Nelson-Cole said that the company’s directors at the meeting would be empowered to authorise, approve, sign or execute all documents and appoint advisers regarding the matter where necessary.
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The acting company secretary said that they were also expected to comply with the directives of regulatory authorities to make the name change possible.
Nelson-Cole noted that the register of members and transfer of books of the company would be closed from Dec. 6 to Dec. 15, for the purpose of attending the EGM.
Newsmen reports that the share price of Forte Oil Plc reached a new high on June 19, driven by record off-market trading as Nigeria’s billionaire businessman, Femi Otedola, completed the sale of his stake in the oil and gas company.
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Specifically, a total of 970,166,694 units of FO were done as off-market trades at N66.25 per share.
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