Proshare Logo
   Market Date: 30-07-2014   
Agriculture All One Min News Archives Bonds Cap Mkt Sentiments Capital Market CASHLESS NIGERIA Commodities Corporate Earnings Daily & Weekly Market Updates Enterpreneurship ETFs Forex Frauds & Scandals General Global Market Insurance Investors NewsBeat Islamic Finance Mergers & Aquisitions Money Market Mortgage Mutual Funds Nigeria Economy Oil Sector Opinions and Analysis Pensions People Personal Finance Politics Power Products & Services Professionals Property Public Offers Private Placements Regulators REITs Stock PICKS Taxation Telcos Travel & Tours Unlisted OTC MARKET World of Business

BAGCO: Investors to approach agents for offer certificates

Category: Investors NewsBeat


  Read (1223)
BAGCO: Investors to approach agents for offer certificates

 

PETER OBIORA

Proshare NI

May 17, 2008 at 08:46 GMT

 

Meristem Registrars Limited has urged investors to approach agents on the non-receipt of the Nigerian Bags Manufacturing Company Plc (BAGCO) share certificates. Bunmi Oguntoye Registrar/Chief Executive Officer (CEO) of Meristem Registrars Limited, Registrars to the offer confirmed this to Proshare NI in Lagos Nigeria.

 

Oguntoye confirmed to Proshare NI that Meristem has dispatched through the post office every share certificate not sent to agents. “If any investor has not received his or her share certificate by now; then the person should approach the Stockbroking agents to collect” he said.

 

He also confirmed to Proshare NI that 700,000 investors took part in the BAGCO offer and about 400,000 investors are to get the e-certificate.

 

Prior to this time, Oguntoye had confirmed to Proshare NI when BAGCO came to list its shares on the floors of the Nigerian Stock Exchange (NSE) that Meristem had sent out 300,000 from the 400,000 who are to get the e-certificate to the Central Securities Clearing System Limited (CSCS) for verification and confirmation in order to get the e-certificate” he said.

 

He confirmed to Proshare NI that the total amount of return money is put at N13 billion. Late 2007 BAGCO approached the Nigerian Capital Market to raise fresh funds by offering to members of the investing public 1.865 billion ordinary shares of 50 Kobo at N3.90 Kobo per share.

 



Tags: , 



Comment With Your Facebook or Yahoo! ID


Latest news


News on Investors NewsBeat

About Us

Who We Are
Our Team & Partners
Corporate Governance
Advertise with Us
Subscribe / Unsubscribe
Site Map
News Feed - RSS
Newsletter
Contact Us
Message from CEO
Resources

News & Features
The Analyst / Market Data
Investor Relations Portal
The Regulator
Economy & Politics
WebTV
Training Portal
Events Calendar
NewsStands - Online Reputation

Products and Services

Research & Market Intelligence
Analyst Services
Offers & Rights Support Service
Investor Relations Services
Alert & Subscription Services
Share Support Services
Proshare Consult
Event & Seminar Coverage
Market Directory
File a Complaint
News & Analysis

#1minNews
News from TheANALYST
Video News from WebTV
Money Market Updates
Opinions & Analysis
Nigerian Economy
Market Data
The Regulator
Newsletters
Discussion Forum
Policy

Subscriber Agreement
Privacy Policy
Data Policy
Disclaimer
Copyright Policy
Trademarks
Comments in Site
Advertising Code
Conflict of Interest
Content Partnership
3rd Parties

Online Trading and Execution
Training
Legal Support Services
Web/Technology Services
File a Complaint