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
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Iheanyi Nwachukwu
Iheanyi Nwachukwu, is a creative content writer with almost two decades journalism experience writing on banking, finance, capital markets, and tax. The multiple awards winning journalist is Assistant Editor, BusinessDay. Iheanyi holds BSc Degree in Economics from Imo State University; Master of Science (MSc) Degree in Management from University of Lagos.
Iheanyi has attended several work-related trainings including (i) Advanced Writing and Reporting Skills (Pan African University, Lagos); (ii) News Agency Journalism (Indian Institute of Mass Communication {IIMC}, New Delhi, India); and (iii) Capital Markets Development and Regulations (International Law Institute {ILI} of Georgetown University, Washington DC, USA).
Other trainings Iheanyi attended include: Economic/Political Risk Analysis (By Thomson Reuters Foundation); International Financial Journalism (IFJ) (By PMA Media Training, UK); Effective Business Writing Skills (By Phillips Consulting); Reporting on Corporate Governance (By International Finance Corporation (IFC) & Thomson Reuters Foundation UK); etc. In addition, he has participated in high-level economy & markets events in Dubai, South Africa, Morocco, and other African countries like Zambia, Ghana and Gambia.
