Stanbic IBTC Holdings Plc has listed 2,944,772,083 additional ordinary shares of 50 Kobo each on the Nigerian Exchange Limited, following the successful completion of its rights issue.
According to a market bulletin published by NGX Regulation recently, the new shares were listed on the Daily Official List of the exchange. The rights issue was executed at a price of N50.50 per share based on five new shares for every twenty-two ordinary shares held as of the close of business on October 29, 2024.
With this listing, the total issued and fully paid-up shares of Stanbic IBTC Holdings Plc have increased from 12,956,997,163 to 15,901,769,246 ordinary shares of 50 Kobo each.
Earlier, The PUNCH reported that Stanbic IBTC Holdings Plc announced the conclusion of its Rights Issue of 2,944,772,083 ordinary shares of 50 Kobo each at N50.50 per share, recording an oversubscription of 121.97 per cent.
The Rights Issue, which was offered based on five new ordinary shares for every twenty-two ordinary shares held as of the close of business on Tuesday, October 29, 2024, was launched in line with the Rights Circular dated Thursday, January 9, 2025.
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