Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
Nairametrics
No Result
View All Result
Home Industries Company News

It’s Official: Cadbury Shareholders Approve Capital Reduction

Nairametrics by Nairametrics
December 20, 2013
in Company News
Share on FacebookShare on TwitterShare on Linkedin

The Nation Reports;

Cadbury Nigeria Plc is reducing its capital base by about N12billion under a plan approved yesterday by its shareholders.The measure will result in the cancellation of two of every five ordinary shares held by investors.

At the extra ordinary general meeting in Lagos, 88.14 per cent of shareholders, who accounted for 99.6 per cent of the company’s shareholdings, approved the capital reduction proposed by the Board. Polling results by the registrars to the company, First Registrars, which conducted the voting, indicated that 11.86 per cent of shareholders, accounting for 0.40 per cent equity stake voted against the proposal. Voting was done on one-share-one-vote polling basis.

RelatedPosts

Nigeria’s leading FMCGs grow revenue to N504.719 billion in half year 2022

Top 5 performing Consumer Goods stocks in HY 2022

Cadbury Schweppes Overseas Limited (CSOL), United Kingdom, the majority core investor in Cadbury Nigeria, holds 74.99 per cent equity stake in Cadbury Nigeria.

Under the capital reduction plan, Cadbury Nigeria will return excess capital of N11.9 billion to its shareholders by cancelling two out of every five ordinary shares currently held by the shareholders. Consequently, it will reduce the share capital account by an amount equivalent to the par value of the cancelled shares and share premium accounts by about N11.27 billion.

News continues after this ad


Source: The Nation

Related

Tags: Cadbury Nigeria PlcNews Review

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

inq
avatrade
Stanbic bank
Mega Millions
UBN
Hot forex
Access Bank
Bankers Committee
First bank






    Business News | Stock Market | Money Market | Cryptos | Financial Literacy | SME |

    Recent News

    • 6th Tech Innovations Awards to celebrate excellence and innovation in the tech industry
    • Fake Manchester United token soars over 3,000% after Elon Musk’s joke
    • Todd Boehly: The billionaire who acquired Abramovich’s Chelsea FC for £4.35 billion

    Follow us on social media:

    Recent News

    6th Tech Innovations Awards to celebrate excellence and innovation in the tech industry

    6th Tech Innovations Awards to celebrate excellence and innovation in the tech industry

    August 17, 2022
    Manchester United terminate sponsorship deal with Russian-owned

    Fake Manchester United token soars over 3,000% after Elon Musk’s joke

    August 17, 2022
    • ABOUT US
    • CONTACT US
    • PRODUCTS
    • ANDROID APP
    • iOS APP
    • DISCLAIMER
    • CAREERS
    • PRIVACY POLICY

    © 2022 Nairametrics

    No Result
    View All Result
    • Home
    • Exclusives
      • Financial Analysis
      • Corporate Stories
      • Interviews
      • Investigations
      • Metrics
    • Markets
      • Cryptos
      • Commodities
      • Equities
        • Dividends
        • Stock Market
      • Fixed Income
      • Market Views
      • Securities
    • Industries
      • Company News
      • Consumer Goods
      • Content Partners
      • Corporate deals
      • Corporate Press Releases
      • Energy
      • Entertainment
      • Financial Services
      • Hospitality & Travel
      • Manufacturing
      • Real Estate and Construction
      • Tech News
    • Economy
      • Get Data
      • Macro-Economic News
      • Research Analysis
    • Business News
    • Financial Literacy
      • Career tips
      • Personal Finance
    • Lifestyle
      • Billionaire Watch
      • Profiles
    • Opinions
      • Blurb
      • Op-Eds

    © 2022 Nairametrics

    Social Media Auto Publish Powered By : XYZScripts.com