Nigerian Enamelware doles out 12.67m bonus shares


Nigerian Enamelware Plc has distributed 12.672 million ordinary shares of 50 kobo each as bonus shares to its shareholders, proportionately increasing the shareholdings of shareholders without any cash payment.
The bonus shares were issued by the company by capitalising its reserves, drawing about N6.34 million from its retained earnings to pay for the newly issued shares.
The bonus shares were distributed to shareholders for one new ordinary share for every five ordinary shares held by each shareholder.
The additional shares have been listed at the Nigerian Stock Exchange (NSE), thus increasing total outstanding shares of the company to 76.032 million ordinary shares of 50 kobo each.

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