Learn Africa Plc recently announced the issuance of an additional 96,431,250 ordinary shares priced at N0.50k each, effectively increasing its share capital from N771.45 million to N867.88 million. This decision emerged following a recent board of directors meeting and was disclosed in a filing with the Nigerian Exchange Limited.
The company’s Memorandum of Association was consequently amended to reflect this change, specifying a new share capital structure of N433.94 million, divided into 867,881,250 ordinary shares priced at N0.50k each.
Learn Africa Plc emphasized that this strategic move not only serves to reward current shareholders but also aims to bolster investor confidence and support the company’s long-term growth ambitions. The adjustment aligns the company’s legal framework with its enhanced financial structure, ensuring regulatory compliance and operational clarity moving forward.
By increasing its share capital through the creation of new shares, Learn Africa Plc positions itself for future expansion and investment opportunities in Nigeria’s dynamic market environment.
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