Stanbic IBTC Holdings paid-up shares boosted with additional 31,515,400 ordinary shares

Stanbic IBTC Holdings Plc has boosted its paid-up shares by additional 31,515,400 ordinary shares which it listed on the Daily Official List of The Nigerian Stock Exchange, recently.

In a notice which the company sent to dealing members, it stated: “Dealing Members are hereby notified that 31,515,400 ordinary shares of Stanbic IBTC Holdings Plc (“Stanbic IBTC” or “the Company”) were today, 19 December 2019, listed on the Daily Official List of The Nigerian Stock Exchange (The Exchange)”.

It went further to explain that “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 30 June 2019”.

With this listing of 31,515,400 ordinary shares, the total issued and fully paid-up shares of the Company have now increased from 10,473,451,958 to 10,504,967,358 ordinary shares, the statement concluded.


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