• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Opinions Blurb

[GIVE & TAKE] Flour Mills Announces N30 billion Rights Issue Two Days After Closing its Register for N5.5 billion Dividend

Nairametrics by Nairametrics
August 12, 2015
in Blurb, Company News
[GIVE & TAKE] Flour Mills Announces N30 billion Rights Issue Two Days After Closing its Register for N5.5 billion Dividend
Share on FacebookShare on TwitterShare on Linkedin

RelatedStories

CBN, forex

How Bank stocks have performed after their public offers and rights issues 

November 9, 2024
Industry powerhouse: Nigeria’s top manufacturing leaders

Industry powerhouse: Nigeria’s top manufacturing leaders

September 17, 2023
  • Flour Mills Nigeria Plc has notified the Nigerian Stock Exchange that through its stockbroker; Stanbic IBTC Stockbrokers Ltd it has submitted an application to The Exchange for approval and listing of a Rights Issue of 1,093,438,828 Ordinary Shares of 50k each at N27.50 per share on the basis of 5 new ordinary shares for every 12 ordinary shares held.
  • The Qualification Date for this Rights Issue is 12 August 2015.
  • Flour Mills hopes to raise about N30billion from its shareholders with this rights issue
  • The company in its latest full year annual report said it had about N188 billion in debts
  • The current debt to equity structure of the company is 2.1 with the company spending about N24 billion in finance expense.
  • Flour Mills is incidentally closed its register for dividend payment August 10 and plans to spend about N5.5 billion when it eventually pays dividends on September 24 2015
  • In effect, Flour Mills will be hoping to get N30 billion from its shareholders whilst paying out N5.5billion in dividends
  • Flour Mills share price closed 5% lower on Wednesday at N28.03
Tags: Flourmills NigeriaRights Issues
Nairametrics

Nairametrics

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.

Related Posts

CBN, forex
Bank Recapitalization

How Bank stocks have performed after their public offers and rights issues 

November 9, 2024
Industry powerhouse: Nigeria’s top manufacturing leaders
Exclusives

Industry powerhouse: Nigeria’s top manufacturing leaders

September 17, 2023
Commercial paper issuance
Corporate deals

Three Nigerian corporates brave economic uncertainty, plan to raise N58.6 billion via right issue

July 30, 2022
Fidson
Business News

Fidson Healthcare to commence rights issue next month

February 19, 2019
Lafarge Africa provides grant for startups, Lafarge Africa’s latest earnings report reveals 8.5% decline in gross profit , Lafarge Africa gets new CFO one month after resignation of former finance director, Lafarge Plc reveals why it invited Italian man with Coronavirus to Nigeria, Lafarage Africa group Plc posts a revenue of N213 billion in 2019, profit up N17 billion, Lafarge moves to sell 35% shareholding in Continental Blue Investment Ghana Limited
Business News

Lafarge Africa to raise N89 billion through rights issue

December 4, 2018
Flour Mills of Nigeria Plc
Blurb

What we learnt from Flour Mills Plc earnings call

July 10, 2018
Next Post
Here is What This Foreign Investor Thinks about The Nigerian Economy and The Naira

Here is What This Foreign Investor Thinks about The Nigerian Economy and The Naira

Leave a Reply Cancel reply

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

Emple
nlng
first bank
Zenth Bank








DUNS

Recent News

  • UNFPA: 90% of Nigerian women aged 50 and above had fewer children than desired – Report
  • NIBSS unveils National Payment Stack to revolutionize instant payment in Nigeria 
  • Top 10 most affordable states to live in Nigeria – May 2025 ranking  

Follow us on social media:

Recent News

Global mortality of children under-5 drops to 4.9 million, progress remains slow- UN Report 

UNFPA: 90% of Nigerian women aged 50 and above had fewer children than desired – Report

June 18, 2025
NIBSS unveils National Payment Stack to revolutionize instant payment in Nigeria 

NIBSS unveils National Payment Stack to revolutionize instant payment in Nigeria 

June 18, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics