A bonus issue
of new deferred shares in the capital of the Company
The company said this change is as a result of the new share issue, the bonus issue
and the share issues-in-kind carried out by the company in connection with its initial public offering.
The Chief Minister further said that as the Congress Party has been disappearing from the state since quite a long time; it might have thought that by raising the bonus issue
, it would earn brownie points and would aim to return to power in 2018.
In October 2016, its peer Indian Oil Corp (IOC) had declared 1: 1 bonus shares and, last month, technology major Wipro had also given a bonus issue
in the same ratio.
A bonus issue
does not really reflect the performance of a company in a financial year but an accumulation of profits over the years.
The banking firm has received approval from shareholders to increase its capital levels to GHC100m through a bonus issue
A company, for instance, may announce a 1: 4 bonus issue
In a separate release yesterday, the telecoms firm said that an earlier statement by it incorrectly mentioned the awarding of one share for every five shares as a bonus issue
Mr Bimbi made exact points on the bonus issue
and the rent strategy that Mr Fisher does not directly address.
The bonus issue
will increase the bank's capital by 100% to AED3bn, according to the filing.
5 billion dirhams after the bonus issue
, the bank said in a bourse filing.
33 percent bonus issue
on July 7, raising the number of outstanding shares to 80 million from the current 60 million.