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Home Companies Company News

Official: Cadbury Concludes Capital Reduction Today (19/2/2014). Share Price Opens At N90.78

Nairametrics by Nairametrics
February 19, 2014
in Company News
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Cadbury Nigeria Plc has notified The Nigerian Stock Exchange that all actions required to make the Capital Reduction of Cadbury Nigeria Plc effective have been completed with the successful filing of the court sanction with the Corporate affairs Commission CAC on the 12th of February (The Effective date)

By achieving the Effective Date, the authorized share capital of the Company is now reduced by 1,252,172,198 shares from 4,000,000,000 shares to 2,747,827,724 shares while the issued share capital of the Company is also reduced by 1,252,172,198 shares from 3,130,374,238 shares to 1,878,202,040 shares. The post-Capital Reduction price per share is N90.78.

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Nairametrics is Nigeria's top business news and financial analysis website. We focus on providing resources that help small businesses and retail investors make better investing decisions. Nairametrics is updated daily by a team of professionals. Post updated as "Nairametrics" are published by our Editorial Board.

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