FTN Cocoa Processors Plc (NGX: FTNCOCOA) has listed additional 1,700,000,000 ordinary shares of 50 Kobo each at 50 Kobo per Share on the Nigerian Exchange Limited (NGX).
The 1.7 billion ordinary shares were listed on the daily official list of the Exchange on Friday, March 10, 2023, according to a market bulletin, NGXREG/LRD/MB12/23/03/10 signed by Godstime Iwenekhai,
Head, Listings Regulation Department
The additional shares listed on NGX arose from FTN Cocoa Processors’ Debt Conversion program of
1,700,000,000 ordinary shares of 50 kobo each at 50 kobo per share.
With this listing of the additional 1,700,000,000 ordinary shares, the total issued and fully paid up shares of FTN Cocoa Processors has now increased from 2,200,000,000 to 3,900,000,000 ordinary shares of 50 kobo each.
On Friday, the equity price of FTN Cocoa closed flat at N0.26 per share on the NGX. Year-to-date, the share price is down 13.33%. The 52-week high and low prices are N0.33 and N0.26 per share respectively.
Ifunanya Ikueze is an Engineer, Safety Professional, Writer, Investor, Entrepreneur and Educator.
