Eterna Fully Paid-up Shares Rise to Almost 2.2 billion

By Aduragbemi Omiyale

The total issued and fully paid-up shares of Eterna Plc are almost 2.2 billion after the listing of additional shares of the company on the Nigerian Exchange (NGX) Limited this week.

Precisely on Wednesday, an additional 882,064,158 ordinary shares of the organisation were listed on Customs Street, a regulatory notice confirmed.

These extra stocks were from the rights issue of the firm, issued to shareholders at N22.00 per unit on the basis of three new ordinary stocks for every existing four ordinary stocks held as at the close of business on Thursday, November 27, 2025.

Eterna wanted to sell a total of 978,108,485 units, but investors only picked 882,064,158, indicating a subscription rate of 90.18 per cent.

At midweek, the new equities were brought to the stock exchange for listing, increasing the total issued and fully paid-up shares of the company from 1,304,144,647 units to 2,186,208,805 units.

“Trading licence holders are hereby notified that an additional 882,064,158 ordinary shares of 50 Kobo each of Eterna Plc were on Wednesday, May 20, 2026, listed on the daily official list of NGX.

“The additional shares arose from the company’s rights issue of 978,108,485 ordinary shares of 50 Kobo each at N22.00 per share on the basis of three new ordinary shares for every existing four ordinary shares held as at the close of business on Thursday, November 27, 2025.

“With the listing of the additional 882,064,158 ordinary shares, the total issued and fully paid-up shares of Eterna Plc have now increased from 1,304,144,647 to 2,186,208,805 ordinary shares of 50 Kobo each,” the notice signed by the Head of Issuer Regulation Department at NGX RegCo Limited, Mr Godstime Iwenekhai, stated.