Ellah Lakes Plc Lists Additional 1.88bn Ordinary Shares Issued to Shareholders of Telluria Limited

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Monday, June 17, 2019  /  04:34PM  /  NSE Press Release

 

An additional 1,880,000,000 ordinary shares of Ellah Lakes Plc (Ellah Lakes or the Company) were listed on the Daily Official List of The Nigerian Stock Exchange today, 17 June 2019.

The additional shares listed arose from the 1,880,000,000 ordinary shares of 50 Kobo each issued to the shareholders of Telluria Limited, as consideration for the acquisition of the entire issued shares of Telluria Limited by Ellah Lakes.

With the listing of the additional 1,880,000,000 ordinary shares, the total issued and fully paid up shares of Ellah Lakes has now increased from 120,000,000 to 2,000,000,000 ordinary shares.

 

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Graph 1: Ellah Lakes Plc – One Year Share Price Movement

 

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Table: Unaudited Q2 2019 Results

 

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