Dealing Members of the Nigerian Stock Exchange (NSE) were on Thursday January 24, 2019 notified that additional 745,234,886 ordinary shares of May & Baker Plc were listed on the Daily Official List of The Exchange.
The additional shares listed arose from May & Baker’s Rights Issue of 980,000,000 ordinary shares of 50 kobo each at N2.50 per share on the basis of 1 new ordinary shares for every 1 ordinary shares held as at September 4, 2018.
The Rights Issue was 76.04percent successful. With this listing of the additional 745,234,886 ordinary shares, the total issued and fully paid up shares of May & Baker has now increased from 980,000,000 to 1,725,234,886 ordinary shares.
The company’s share price closed at N2.39 as at Thursday January 24 as dealers exchanged 251,438 units valued N607,079.07 in 18 deals.
Iheanyi Nwachukwu
