eTranzact lists N3.65bn additional shares on NGX Exchange

e-Tranzact Plc has listed  2,434,566,483 ordinary shares on the Daily Official List of the Nigerian Exchange Limited (the Exchange).

This means the company listed N3.65billion shares on NGX Exchange.

A report by the bourse stated that the additional shares listed on the Exchange arose from the Company’s Rights Issue of 4,666,666,667 ordinary shares of 50 kobo each at N1.50 Kobo per share on the basis of 10 new ordinary shares for every nine  ordinary shares held as at Wednesday, 25 March 2020.

The report added that the Rights Issue was 52.17per cent subscribed.

“With this listing of the additional 2,434,566,483 ordinary shares, the total issued and fully paid up shares of eTranzact has now increased from 4,200,000,000 to 6,634,566,483 ordinary shares of 50 kobo each,” the report added.