Chemical and Allied Products Plc Lists 88.25m Additional Shares; NGX Delists Portland Paints


Sunday, September 20, 2021 05:30  AM /  by NGX/ Header Image Credit: EcoGraphics


We refer to our Market Bulletin of 1 July 2021, with reference number: NGXREG/LRD/MB22/21/07/01, wherein the market was notified of the suspension placed on trading in the shares of Portland Paints and Products Nigeria Plc (Portland Paints) as a result of the Scheme of Merger between Chemical and Allied Products Plc (CAP Plc) and Portland Paints (Scheme).


The investing public is hereby notified that the resultant Scheme shares of 88,259,520 ordinary shares of 50 Kobo each were listed on the Daily Official List of Nigerian Exchange Limited (NGX) on Friday, 17 September 2021.


With the listing of the additional 88,259,520 ordinary shares, the total issued and fully paid up shares of CAP Plc has now increased from 700,000,000 to 788,259,520 ordinary shares of 50 kobo each.


In addition, the entire 793,415,535 issued and outstanding shares of Portland Paints were delisted from the NGX’s Daily Official List effective, 17 September 2021 in accordance with the terms of the Scheme.


One Year Share Price Movement

Proshare Nigeria Pvt. Ltd.

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