An additional 146,878,241 ordinary shares of
The new development was made known in a statement signed by NSE's Head of
The additional shares listed on the exchange arose from the Scheme of Merger between
Earlier in the year, shareholders of
The shareholders said the development would enhance production capacity and further increase their market share.
The shareholders, during their Extraordinary General Meeting (EGM), voted in favour of the merger of the two company as the sub-Saharan Africa's largest sugar refining firm embarked on the next stage of its backward integration plan to revolutionize the sugar sub-sector of the nation's economy.
With the listing of the additional 146,878,241 ordinary shares on Wednesday, the total issued and fully paid up shares of
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