PZ Cussons Ghana Limited has announced its intention to de-list from the Ghana Stock Exchange (GSE).
This decision is subject to approval by the company's shareholders and endorsement from the Securities and Exchange Commission (SEC), as well as the Ghana Stock Exchange (GSE).
A resolution is expected to be proposed with regard to the proposed de-listing during the company's annual general meeting (AGM) scheduled for 11th November 2019, in Accra.
According to the company's management, the proposed de-listing was in line with PZ Cussons 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, to ensure consumer satisfaction.
“PZ Cussons remains driven by our commitment to continue expanding our business by providing consumers with goods of the highest quality standards at affordable prices, while making reasonable profit and maintaining our strong family values and respect for the environment in which we operate.
“The proposed de-listing is not expected to impact job security, day-to-day operations and relationships with stakeholders,” a statement from the company dated October 18, this year, stated.
It continued that PZ Cussons would provide shareholders and the general public with further information on the de-listing if the resolution to de-list gets passed by PZ Cussons' shareholders.
PZ Cussons is a subsidiary of PZ Cussons (Holdings) Limited, a multinational consumer goods business which manufactures and distributes some of the most familiar household brands in the world, from Imperial Leather to Cussons Baby and Morning Fresh.
PZ Cussons has a strong product portfolio that includes well established brands such as Camel, Cussons Baby, Imperial Leather, Nunu Milk, Carex, Drastin, Premier and Robb.