By Dipo Olowookere
Additional 232,899,013 ordinary shares of 50 kobo each of Stanbic IBTC Holdings Plc have admitted on the trading platform of the Nigerian Stock Exchange (NSE), Business Post has learned.
These equities of the company were listed on the nation’s stock exchange on Thursday, September 12, 2019, a regulatory document seen by this newspaper confirmed.
It was gathered that the new shares were created by Stanbic IBTC from the scrip dividend offered to shareholders of the financial institution, who opted to convert their cash dividend of N1.50k per share to new equities of the firm for the full year ended December 31, 2018.
According to a notice from the NSE at the weekend, “232,899,013 ordinary shares of Stanbic IBTC Holdings Plc were listed on the Daily Official List of the Nigerian Stock Exchange on September 12, 2019.
“The additional 232,899,013 ordinary shares of 50 kobo each resulted from the scrip dividend offered to eligible shareholders of Stanbic IBTC who elected to receive new ordinary shares in lieu of cash dividends with respect to the N1.50 final dividend declared for the financial year ended December 2018.”
It was further stated that, “With this listing of 232,899,013 ordinary shares, the total issued and fully paid up shares of the company has now increased from 10,240,552,945 to 10,473,451,958 ordinary shares.”
more recommended stories
Access Bank’s PayDay Loan Records Over N1bn Daily Lending
By Dipo Olowookere One of the.
Apprehension as Polaris Bank Staff Bolts With Customer’s Savings
By Modupe Gbadeyanka All is presently.
Zenith Bank Launches Z-Money to Penetrate Retain Segment
By Modupe Gbadeyanka In order to.
CBN Loan Policy Could Weaken Banks’ Asset Quality—IMF
By Modupe Gbadeyanka The Central Bank.
Union Bank Board Meets for Q3 Results, Begins Closed Period
By Dipo Olowookere A closed period.
Our Q3’19 Earnings Won’t be Ready Due Date—FCMB
Modupe Gbadeyanka The board of First.
UBA Takes Banking Services to Apple Business Chat
By Dipo Olowookere Pan-African financial institution,.
Union Bank Obtains 10-Year $200m Loan for SMEs, Women
By Modupe Gbadeyanka A 10-year term.