NGX Lists Royal Exchange Plc 3.121 billion Shares

At 59 kobo each, The Nigerian Exchange Limited (NGX) has listed more than 3 bilion shares of Royal Exchange

The completes acquisition deal between German Fund and subsidiary , Royal Exchange subsidiary receives investment from German Government

The Nigerian Exchange Limited (NGX) has listed Royal Exchange Plc’s rights issue of 3.121 billion ordinary shares of 50 kobo each on its Daily Official List.

According to the NGX in its weekly report seen by THE MATRIX with the listing of the additional 3,121328,866 ordinary shares, the total issued and fully paid-up shares of Royal Exchange have increased from 5,145,370,074 to 8,266,698,940 ordinary shares of 50 kobo each.

The statement reads: “Trading Licence Holders are hereby notified that an additional 3,121,328,866 ordinary shares of 50 Kobo each at N0.50 per share of Royal Exchange Plc (Royal Exchange or the Company) were today, Friday, 12 April 2024, listed on the Daily Official List of Nigerian Exchange Limited (NGX).

The additional shares listed on NGX arose from Royal Exchange’s Rights Issue of 4,116,296,059 ordinary shares of 50 Kobo each at N0.50 per share (The offer was 75.83% subscribed).

With this listing of the additional 3,121,328,866 ordinary shares, the total issued and fully paid-up shares of Royal Exchange has now increased from 5,145,370,074 to 8,266,698,940 ordinary shares of 50 Kobo each”.