Forte Oil has announced its change of name to Ardova Plc, following approval by CAC. The information was made public through a disclosure filed at the Nigerian Stock Exchange on Tuesday, signed by the company’ secretary, Oladehinde Nelson-cole.
The company revealed that the change of name was approved by its shareholders during an Extra-ordinary General Meeting in December 2019. The board was also granted the full power to approve, sign, and/or execute all documents on behalf of the stakeholders.
“This is to notify the general public and all stakeholders that Forte Oil Plc (“the Company”) pursuant to a special resolution passed at the Extraordinary General Meeting held on December 17, 2019, and the approval of the Corporate Affairs Commission has changed its name to ARDOVA PLC.”
“Pursuant to Section 31 (5) of the Companies and Allied Matters Act, the Company has been issued a new Certificate of Incorporation by the Registrar” it read.
This is Forte Oil’s second rebrand in almost 10 years. The Extra-Ordinary General Meeting was the first one since the acquisition of Forte Oil Plc from its former billionaire Chairman, Femi Otedola in 2018.
It was formerly called African Petroleum before it embarked on a rebranding and restructuring program which led to a name change to Forte Oil PLC in December 2010.
Henceforth, shareholders and the public will begin to see a rebrand of Forte Oil’s retail outlets across the country to Ardova Plc.