C & I Leasing Plc has proposed a bonus issue of 2 for three ordinary shares to shareholders, reflecting its strong financial position and commitment to rewarding shareholders. This generous bonus issue will enhance the company’s liquidity and attract new investors.
The bonus issue will involve issuing two new ordinary shares for every three shares held by shareholders at the close of business on Thursday, 4 January 2024. The new shares will be credited to shareholders’ accounts and are expected to commence trading on the Nigerian Stock Exchange (NSE) on Monday, 8 January 2024.
Commenting on the proposed bonus issue, C & I Leasing Plc’s Managing Director, Mr. Charles Onyema, stated, “The proposed bonus issue is a testament to the company’s strong financial position and commitment to rewarding our loyal shareholders. We believe that this bonus issue will enhance the liquidity of our shares and attract new investors, further strengthening our presence on the NSE.”
C & I Leasing Plc’s proposed bonus issue is a positive development for the company and its shareholders. The bonus issue will increase the number of shares in circulation, likely leading to increased trading volume and improved liquidity. This could attract new investors and boost the company’s share price.
The bonus issue is also a sign of the company’s financial strength. C & I Leasing Plc has a strong track record of profitability and is well-positioned for future growth. The company’s decision to issue a bonus demonstrates its confidence in generating strong shareholder returns.
C & I Leasing Plc’s proposed bonus issue is a welcome development for shareholders and the wider Nigerian stock market. The bonus issue is expected to enhance liquidity, attract new investors, and strengthen the company’s position on the NSE.
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