By InvestAdvocate

Lagos (INVESTADVOCATE)- Granulated  packaged Sugar (white & brown) company McNichols Consolidated Plc said on Monday it has listed 16,114,665 ordinary shares of  50 kobo each per share last Thursday on the Daily Official List (DOL) of the Nigerian Stock Exchange (NSE).

“This is subsequent to the conversion of 16,114,665 preference shares into ordinary shares as approved by the company’s shareholders at an Annual General Meeting held on 27 June 2013,” the company said in an issuer’s announcement to the NSE.

According to MCNICHOLS, with this supplementary listing of 16,114,665 ordinary shares, the total issued and fully paid up shares of the company has now increased from 201,885,335 ordinary shares to 270,000 000 ordinary shares.