The Nigerian Exchange (NGX) Limited has delisted the shares of Flour Mills of Nigeria Plc (NGX: FLOURMILLS), and listed additional shares of Nigerian Breweries Plc (NGX: NB) and Jaiz Bank Plc (NGX: JAIZBANK).
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In its weekly market report, the NGX informed the investing public that following the approval of Flour Mills of Nigeria’s application to delist its entire issued share capital from Nigerian Exchange Limited, the entire issued share capital of the company were on Monday, 30 December 2024, delisted from the Daily Official List of NGX.
A suspension was placed on trading in the securities of Flour Mills of Nigeria Plc in preparation for the delisting of the Company.
Also in the report, the NGX informed the investing public that on Monday Monday, 30 December 2024, additional 20,706,894,542 ordinary shares of Nigerian Breweries Plc were listed on the Daily Official List of The Exchange.
The additional shares listed on NGX arose from Nigerian Breweries Rights Issue of 22,607,491,232
ordinary shares of 50 Kobo each at N26.50 per share. With this listing of the additional 20,706,894,542 ordinary shares, the total issued, and fully paid-up shares of Nigerian Breweries has now increased from 10,276,132,378 to 30,983,026,920 ordinary shares of 50 Kobo each.
Furthermore, the NGX announced the listing of 10,048,237,955 ordinary shares of 50 Kobo each per share of Jaiz Bank Plc on Monday, 30 December 2024.
The additional shares listed on NGX arose from Jaiz’s Private Placement of 10,048,237,955 ordinary shares of 50 Kobo each at N1.00 per share. With the listing of the additional 10,048,237,955 ordinary shares, the total issued and fully paid up shares of Jaiz Bank has now increased from 34,541,172,377 to 44,589,410,332 ordinary shares of 50 Kobo each.
Nnamdi Maduakor is a Writer, Investor and Entrepreneur
