Nigerian bourse records new listings
The Nigerian Stock Exchange (NSE) recorded new listings which cut across debt instruments (savings bonds), memorandum listings, and supplementary listings.
In the week ended December 15, a total volume of 72,424 and 183,807 units of 12.091% FGN Savings Bond November 2019 and 13.091% FGN Saving Bond November 2020 respectively were admitted to trade at the Exchange .
Also in the review week, seven (7) funds created by Stanbic IBTC Asset Management Limited – the Stanbic IBTC Money Market Fund, Stanbic IBTC Bond Fund, Stanbic IBTC Balance Fund, Stanbic IBTC Imaan Fund and Stanbic Umbrella Fund were listed by the Exchange on the 11th of December, 2017 for memorandum purpose.
Stanbic IBTC Asset Management Limited listed 1.650billion units of Stanbic IBTC Money Market Fund; 50units of Stanbic IBTC Bond Fund; 5million units of Stanbic IBTC Balanced Fund; and 2.5million units of Stanbic IBTC Imaan Fund. Under the Stanbic Umbrella Fund, 6millions units of Stanbic IBTC Absolute Fund were listed; 1million units of Stanbic IBTC Aggressive Fund were also listed; while 1million units of Stanbic IBTC Conservative Fund were listed.
An additional 49,465,731 ordinary shares of 50kobo each of Stanbic IBTC Holdings Plc were listed on the Daily Official List of the Exchange on the 15th of December, 2017.
These additional shares arose as a result of the Scrip Dividend Scheme offered to eligible shareholders of the company who elected to receive new ordinary shares in lieu of cash dividends with respect to the 5 kobo final dividend declared for the year ended 31 December 2016, as well as the 60 kobo interim dividend declared for the period ended 30 June 2017.
With this listing of 49,465,731 ordinary shares, the total issued and fully paid up shares of Stanbic IBTC Holdings Plc has now increased from 10billion to 10.049billion ordinary shares.
Inaddition, 5,301,612,656 ordinary shares of International Breweries Plc were listed on the Daily Official List of the Exchange. These additional shares listed arose from the Scheme of Merger involving International Breweries Plc, Intafact Beverages Limited and Pabod Breweries Limited.
With the listing of 5,301,612,656 ordinary shares, the total issued and fully paid up shares of International Breweries Plc increased from 3.294billion to 8.595billion ordinary shares.
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