Tag
SHARE RECONSTRUCTION
The reconstruction will result in the cancellation of three out of every four shares held by Transcorp's shareholders and a reduction of the issued share capital to N5,080,998,787.00, comprising 10,161,997,574 ordinary shares of N0.50 each.
The company's name will be changed from Japaul Oil & Maritime Services to Japaul Gold and Ventures Plc.
Do you know #Share Reconstruction is otherwise known as reverse #stock split? Find out more.
#financialeducation #business