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26.08.2004 Business & Finance

All BOPP Shares allotted

By GNA

Accra, Aug. 26, GNA - The National Trust Holding Company (NTHC) the sponsoring brokers of the Benso Oil Palm Plantation (BOPP) on Thursday said "all applicants who applied for 200 shares and below got all their shares allotted to them to avoid fractional shares below the accepted minimum of 100 shares.

"In this regard no applicant was disqualified due to the over-subscription, the NTHC said in a statement.

It said "all applications in excess of 200 shares, were allotted a minimum threshold of 200 shares plus a partial number of shares, which was dependent on the total number of shares applied for."

The statement said the NTHC found it necessary to make public the allotment process following the initial announcement of the results of the BOPP public share offer on August 10, 2004 and its implications on BOPP shareholdings.

It said the NTHC had started dispatching the share certificates of BOPP to all qualified applicants and that they were being posted on regional basis.

The cheques for refunds to applicants, who could not get all the shares applied for, had been issued as at August 24, 2004.

The NTHC advised applicants to contact their brokers at the various brokerage firms adding that those, who bought through NTHC, Post Offices and the Banks would get their refund from the NTHC Limited.

On the trading of the shares on the Ghana Stock Exchange, the statement said the time table for the commencement of trading remained at August 30, 2004 with an initial market capitalization of 174 billion cedis.

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