The Nigerian Stock Exchange (NSE) has listed additional 336,855,291 ordinary shares of Red Star Express Plc.
The additional shares listed on the Daily Official List of the Nigerian Stock Exchange arose from Redstar Express Plc Rights Issue of 336,855,291 ordinary shares of 50 kobo each at N4 per share.
It was on the basis of four (4) new ordinary shares for every seven (7) ordinary shares held as at 21 August 2019. The Rights Issue was 100 percent subscribed.
Dealing Members were notified on Friday March 6, 2020 according to a notice signed by Elizabeth Ekpo for Head, Listings Regulation Department, NSE.
With this listing of the additional 336,855,291 ordinary shares, the total issued and fully paid up shares of Redstar Express Plc increased from 589,496,760 units to 926,352,051 ordinary shares of 50 kobo each.
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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.
