Sterling cuts bloated share count by 90%, resets price to N77

πŸ‡³πŸ‡¬ Nairametrics Nigeria (NG) —
Sterling cuts bloated share count by 90%, resets price to N77

AI Summary

Sterling Financial Holdings completed a one-for-ten share reconstruction, reducing its outstanding share count by 90%. The restructuring raised the quoted share price from N7.70 to N77.

Sterling Financial Holdings Company Plc has completed its 1-for-10 share reconstruction, pushing its quoted share price to N77 from N7.70 as the company cuts the number of shares outstanding by 90%. The post Sterling cuts bloated share count by 90%, resets price to N77 appeared first on Nairametrics.

Markets Sterling Financial Holdings share reconstruction stock price Nigeria share count corporate finance

Read original source →