FORTE OIL PLC announced today that it has successfully closed its N9 billion Series 1 debt issue. The Company noted that the issue is the first series of its proposed N50 billion bond issuance programme. The funds raised will be used to refinance existing short term commercial bank loan obligations and to finance the expansion of the retail outlets of the Company.
The share price of NIGERIAN BREWERIES PLC was adjusted yesterday 17th November, 2016 for a dividend of 100 kobo as declared by the Board of Directors of the Company.
The Board of ASHAKA CEMENT PLC passed a resolution to propose to the shareholders of the Company, a voluntary delisting of the Company from the floor of the Nigerian Stock Exchange at an Extraordinary General Meeting scheduled to hold on Monday, 19th December, 2016. The Company’s free float had fallen to 15.03% at the conclusion of the Voluntary Tender Offer (VTO) for the Company’s shares by Lafarge Africa Plc. in September 2016.