MORISON INDUSTRIES PLC – Proposed Rights Issue
Morison Industries Plc has submitted an application to the Nigerian Stock Exchange for the approval and listing of 836,983,125 Ordinary Shares of 50 kobo each at 60 kobo per share on the basis of 11 new Ordinary Shares for every 2 held as at today, 25th August, 2017.
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DAAR COMMUNICATIONS PLC – Financial Result for the 6 Months Ended 30th June, 2017
Revenue: 19% decrease from N2.1bn to N1.7bn
Profit/(Loss)  after Tax: 25% decrease from (N1.0bn) to (N1.3bn) (6M 2017 EPS, (16 kobo); 6M 2016 EPS, (13kobo))
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PAINTS AND COATINGS MANUFACTURERS NIGERIA PLC – Scheme of Arrangement
Paints and Coatings Manufacturers Nigeria Plc has submitted an application for a Scheme of Arrangement between the Company and the holders of its fully Paid-up Ordinary shares of 50 kobo each. The Scheme will lead to the delisting of the Company from the Daily Official List of The Nigerian Stock Exchange.
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TRANS-NATIONWIDE EXPRESS PLC – Rights Issue of 298,230,000 Ordinary Shares
Trans-Nationwide Express Plc has notified the market of its on-going Rights Issue of 298,230,000 Ordinary shares of 50 kobo each at 80 kobo per share on the basis of 3 new Ordinary shares for 2 shares held as at the close of business on 25th January, 2017. The Rights Issue opened on 24th July and will close on 30th August, 2017.
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