Partnership Inv. to issue bonus of 1 for 2 to investors

Proshare

August 05 , 2008

-To dispatch share certificates through issuing houses

 

PETER OBIORA

Proshare NI

August 05, 2008 at 18:02GMT

Partnership Investment Company Limited, has insisted on giving its investors a bonus issue of one new share for everyone two Ordinary Shares held in the company. Victor Ogiemwonyi, Managing Director (MD) of the company made this affirmation to Proshare NI today in LagosNigeria. 

“We are going to send out a letter alerting our investors concerning the 1 for 2 bonuses we promised to give them this Financial Year End (FYE)” he said. 

Ogiemwonyi affirmed that the bonus Partnership Investment intends to give to its shareholders is aimed at returning value to them for their long term view of the company’s business prospects and support.

He confirmed to Proshare NI that share certificates for investors who took part in the companies last Private Placement (PP) is being endorsed and would be sent out before the week is over through the company’s Issuing Houses/Financial Advisers during the Placement.

“We have about 3,800 investors and we would send these certificates out to them through our agents” Ogiemwonyi affirmed. 

He further confirmed to Proshare NI that the company would only dispatch by mail share certificates of investors who bought the Placement from other sources. 

The Issuing Houses/Financial Advisers to the Placement include UBA Global Markets, Ecobank Plc and FBN Capital Limited. 

In the same vein,  half year result ended June 2007 of the company shows that it recorded a  Gross Earnings of N895.790 million, a Profit before Tax (PBT) of N335.859 million and a Profit after Tax (PAT) of N316.416 million in the period under review. 

However, Proshare NI as at the time of filling in this report could not get the 2007 half year result to make a comparison. 

Partnership Investment between February and March 2008 the company sought to raise N3.0 billion by offering by way of Placement 1.5 billion ordinary shares of 50 Kobo each at N2.00 per share.

 

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