Nigerian bourse records new listings

by Editor

December 21, 2017 | 12:15 am
  |     |     |   Start Conversation

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.

by Editor

December 21, 2017 | 12:15 am
  |     |     |   Start Conversation

Big Read |  


What Nigeria must do before signing AfCFTA

Nigeria’s President Muhammadu Buhari last Wednesday gave a hint that he would sign the African Continental Free Trade Area (AfCFTA)...

Top 100 (300 x250)

MTN banner 2


Newsletter Fixed income