Meyer paints, Meyer Plc appoints new Chief Financial Officer, Meyer appoints Rotimi Alashe, FIRS shutdown Meyer Ikeja Paint Factory
Meyer Plc

Paint manufacturer, Meyer Plc has opened its rights issue of 291 million shares at 75 kobo per share. The offer opened on Monday 9th of January 2017 and closes on Wednesday 15th of February 2017.

Shares are being allotted on the basis of one new share for every one share held as at September 8, 2016. Proceeds of the offer will be used for factory refurbishment and upgrade, working capital, and brand building and expansion.

Onome Ohwovoriole has a degree in Economics and Statistics from the University of Benin and prior to joining Nairametrics in December 2016 as Lead Analyst had stints in Publishing, Automobile Services, Entertainment and Leadership Training. He covers companies in the Nigerian corporate space, especially those listed on the Nigerian Stock Exchange (NSE). He also has a keen interest in new frontiers like Cryptocurrencies and Fintech. In his spare time, he loves to read books on finance, fiction as well as keep up with happenings in the world of international diplomacy. You can contact him via onome.ohwovoriole@nairametrics.com

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