Pact Group (ASX:PGH) received formal approval from the Australian Securities Exchange to be removed from the official list of ASX entities, according to a Monday filing with the Australian bourse.

The delisting is subject to certain conditions, including a special resolution of the company shareholders' approval for the removal, and the notice of meeting containing satisfactory information to ASX, the filing said.

The company will notify shareholders about an upcoming extraordinary general meeting on June 12 to vote on the delisting, according to the filing.

Shares fell 3% in midday trade Monday