Shareholders of Red Star Express Plc. have voted to cancel the unissued ordinary shares of the company. This decision was made at the last Extraordinary General Meeting on the 30th of March 2023.
The cancellation of the unissued ordinary shares is a significant development for Red Star Express. With this significant move, the company is poised to continue its growth trajectory and remain a leading player in the industry.
It also demonstrates the company’s commitment to compliance with the Companies and Allied Matters (CAC) regulations 2021.
The shareholders of Red Star Express commended the Board, Management, and Staff of the company for the new development and the success of the business so far.
The shareholders expressed their satisfaction with the company’s performance, which they attributed to the dedication and hard work of the management and staff.
The Chairman of Red Star Express, Mr. Suleiman Barau, expressed his gratitude to the shareholders for their continued support and confidence in the company. He also reiterated the company’s commitment to delivering excellent services to its customers and creating value for its shareholders.
Red Star Express has been operating in Nigeria for over 25 years and has a reputation for providing reliable courier and logistics services to businesses and individuals across the country.