Neimeth International Pharmaceuticals Plc (NGX: NEIMETH) has listed additional 2,373,947,500 ordinary shares of 50 Kobo each at N1.55 per share on the Nigerian Exchange.
The shares, listed on the Exchange on Friday, 17 February 2023 were as a result of the company’s rights issue on the basis of five (5) new ordinary shares for every four (4) ordinary shares held as at the close of business on 22 April 2022 on Nigerian Exchange Limited (NGX) at N1.55 per share.
With this listing of the additional 2,373,947,500 ordinary shares, the total issued and fully paid up shares of Neimeth has now increased from 1,899,157,108 to 4,273,104,608 ordinary shares of 50 kobo each.
Neimeth is listed under the Healthcare sector and the Pharmaceuticals subsector on the Main Board of the Nigerian Exchange.
Incorporated on August 13, 1957, the company is into the business of manufacturing & marketing of pharmaceuticals, animal health products and general healthcare products.
Its share price has been flat at N1.55 per share on the Nigerian Exchange since February 14.
Ifunanya Ikueze is an Engineer, Safety Professional, Writer, Investor, Entrepreneur and Educator.