Multi-Trex Lists Additional Shares on NGX after Private Placement

Multi-Trex Lists Additional Shares on NGX after Private Placement

Multi-Trex Integrated Foods Plc listed additional shares on the floor of the Nigerian Exchange Limited (NGX) last week amidst suspension. This suggests the company is trying to return to market after years of holiday.

According to equities market report, NGX notified market participants that additional 788,643,533 ordinary shares of 50 kobo each per share of Multi-Trex Integrated Foods Plc were on Friday, 7 June 2024, listed on the Daily Official List of the Nigerian Exchange Limited (NGX).

According to NGX, the additional shares listed arose from Multi-Trex’s Private Placement of 788,643,533 ordinary shares of 50 Kobo each at N3.17 per share.

The notice stated that with the listing of the additional 788,643,533 ordinary shares, the total issued and fully paid up shares of Multi-Trex has now increased from 3,722,493,620 to 4,511,137,153 ordinary shares of 50 kobo each.

However, the suspension placed on the shares of the Company will remain until the Company files all its outstanding financial accounts with NGX, according to the notice. #Multi-Trex Lists Additional Shares on NGX after Private Placement

Nigerian Exchange Declines by N44bn as Investors Book Profits
The post Multi-Trex Lists Additional Shares on NGX after Private Placement appeared first on MarketForces Africa.