NSE Lists Red Star Express Plc's Rights Issue of 336,855,291

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Friday, March 06, 2020 / 5:00 PM / By NSE / Header Image Credit: Red Star Express

 

An additional 336,855,291 ordinary shares of Redstar Express Plc ("Redstar Express" or "the Company") were today, Friday, 06 March 2020, listed on the Daily Official List of The Nigerian Stock Exchange.

 

The additional shares listed on The Exchange arose from Redstar Express Plc's Rights Issue of 336,855,291 ordinary shares of N0.50 kobo each at N4.00 per share, on the basis of four (4) new ordinary shares for every seven (7) ordinary shares held as at 21 August 2019. The issue was 100% subscribed.

 

With this listing of the additional 336,855,291 ordinary shares, the total issued and fully paid up shares of Redstar Express Plc has now increased from 589,496,760 to 926,352,051ordinary shares of N0.50 kobo each.

 

Graph - One Year Share Price Movement

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