Stocks

PZ Cussons to delist from GSE end of 2019

PZ Cussons is asking shareholders to approve a plan to delist from the Ghana Stock Exchange (GSE) by the end of this year.

“PZ Cussons Ghana Limited wishes to announce the Company’s intention to de-list from the Ghana Stock Exchange subject to Shareholder approval, and approval from the Securities and Exchange Commission (“SEC”) and/or the Ghana Stock Exchange (“GSE),” a statement from the company has said.

According to PZ Cussons Ghana, The proposed de-Listing is in line with the company’s plans to achieve operational efficiency, by providing management of the company more time and resources to focus on running and expanding the business, its distribution network and reach, thereby ensuring consumer satisfaction.

The statement added, “The proposed de-listing is not expected to impact job security, day-to-day operations and relationships with stakeholders.”

The Ghana Stock Exchange (GSE) has in recent times warned of a stiffer punishment for all listed companies that do not comply with its listing regulations.

There are presently about 42 companies listed on the Ghana Stock Exchange (GSE).