By Dipo Olowookere
Additional 44,835,076 units of UAC Nigeria Plc stocks have been listed on the trading platform of the Nigerian Exchange (NGX) Limited, Business Post reports.
The shares were from the scrip dividend election scheme issued to shareholders of the company, a regulatory notice confirmed.
It was gathered that the equities were listed on the bourse on Friday, increasing the total issued and fully paid up shares of UAC Nigeria to 2,926,131,656 ordinary shares of 50 Kobo each from the previous 2,881,296,580 ordinary shares of 50 Kobo each.
“Trading licence holders are hereby notified that additional 44,835,076 ordinary shares of 50 Kobo each of UAC of Nigeria Plc were on Friday, September 2, 2022, listed on the daily official list of the Nigerian Exchange Limited (NGX).
“The additional shares listed on NGX arose from UAC of Nigeria’s scrip dividend election scheme.
“With this listing of the additional 44,835,076 ordinary shares, the total issued and fully paid up shares of UAC of Nigeria has now increased from 2,881,296,580 to 2,926,131,656 ordinary shares of 50 Kobo each,” the disclosure stated.
At the market today, the share price of UACN closed flat at N11.00 per unit, with the total value of the stocks at N 32.188 billion at the close of transactions.
Adedapo Adesanya 
Modupe Gbadeyanka