Atlas Development & Support Services Limited Delisted From the NSE

Tight liquidity could accelerate upward pressure on yieds

Atlas Development and Support Services (ADSS), a firm that provides logistical support to oil and gas exploration companies,  has been delisted from the Nairobi Securities Exchange following the closure of its operations.

“The deregistration of the company in its country of incorporation under the Gurnesey laws and failure by the company to adhere to regulatory requirements from the year 2017 when the security of the company was suspended from trading on the NSE.”

In a public notice, NSE said the delisting was effective April 25, 2019.

In 2015, (ADSS) closed its operations in Kenya and placed its subsidiaries  – Ardan Logistics Kenya Ltd, Ardan (Medical Services) Ltd, and Ardan (Civil Engineering) Ltd,- into liquidation.

Atlas cross-listed at the Growth Enterprise Market Segment at the Nairobi Securities Exchange in December 2014