Stanbic Lists 31.5m Additional Shares On NSE

Stanbic IBTC Holdings Plc has listed additional 31,515,400 ordinary shares of 50 kobo each on the Nigerian Stock Exchange.

The NSE said in a notice that the additional shares listing resulted from the scrip dividend option given to shareholders for the half year ended June 30, 2019.

The notice read in part, “Dealing Members are hereby notified that 31,515,400 ordinary shares of Stanbic IBTC Holdings were today, December 19, 2019, listed on the daily official list of the Exchange.

“The additional shares of 31,515,400 ordinary shares of 50 Kobo each arose as a result of the scrip dividend offered to eligible shareholders of Stanbic IBTC who elected to receive ordinary shares in lieu of cash dividends with respect to the N1.00 final dividend declared for the half year ended June 30, 2019.”

The NSE said with the listing of 31,515,400 ordinary shares, the total issued and fully paid-up shares of the company had now increased from 10,473,451,958 to 10,504,967,358 ordinary shares.