• Tuesday, April 23, 2024
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BusinessDay

Multi-Trex gets NGX approval to list 788.64mn private placement shares

NGX Group, corporates seek Government’s intervention in manufacturing sector

The Nigerian Exchange Limited (NGX) has approved for listing the application of Multi-Trex Integrated Foods Plc’s 788,643,533 ordinary shares of 50 kobo each at N3.17 per share offered through Private Placement.

The stockbrokers for the listing are Capital Asset Limited and Signet Investments and Securities Limited; while the issuing houses/financial advisers are Capital Assets Limited, SFS Financial Services Limited, and Goldbanc Management Associates Limited.

Multi-Trex Integrated Foods Plc processes cocoa. The Company produces intermediate products such as cocoa butter and cocoa cake.

The company listed on the consumer goods sector (food products subsector) of the NGX main board currently has shares 3,722,493,620 shares outstanding, each valued at 36kobo.

Multi-Trex Integrated Foods Plc has been on delisting watchlist (DWL) of the Exchange as approved by the Board of NGX Regulation Limited (NGX RegCo). It is among the delinquent filers of audited financial statements.

Multi-Trex Integrated Foods Plc is stigmatised for non-rendition of its audited financial statements for 2015 to 2022, as well as non-rendition of 2014 to 2023 Q2 Quarterly Financial Statements, according to the X-Compliance Report, a transparency initiative NGX RegCo designed to maintain market integrity and protect investors by providing compliance related information on all listed companies.