By Kofi Ahovi
Aluworks Ltd is planning to raise an amount of GH¢30 million through a rights issue of up to 58,000,000 ordinary shares of no par value to shareholders in proportion as nearly as may be to their respective holdings in issued capital of the company.
However, any shares that are not taken up in pursuance of the rights issue would be offered to the general public as the directors of the company may determine.
The company is expected to hold an extraordinary general meeting (EGM) on February 25, this year to deliberate on the matter.
The EGM is also to approve an increase in the authorized number of shares of the company from 50,000,000 ordinary shares of no par value to 100,000,000 ordinary shares of no par value and also amend regulation 7 of the company’s regulations.
Aluworks was founded in 1978 and was subsequently listed on the Ghana stock exchange in 1996. It currently has issued shares of 50,000,000 and a stated capital of about US$50,024,000,000.
Aluworks is a reliable supplier of good quality aluminium circles and sheet-in-coil and flat sheets as raw materials for many small and medium factories manufacturing aluminium household cooking utensils, corrugated roofing sheets, and general fabrication throughout the West African sub-region.
In Ghana and throughout the rest of West Africa, factories producing aluminium colour-coated sheets and corrugated roofing sheets source their raw materials in the form of sheet-in-coil or flat sheets from Aluworks Ltd.
Aluworks Ltd is planning to raise an amount of GH¢30 million through a rights issue of up to 58,000,000 ordinary shares of no par value to shareholders in proportion as nearly as may be to their respective holdings in issued capital of the company.
However, any shares that are not taken up in pursuance of the rights issue would be offered to the general public as the directors of the company may determine.
The company is expected to hold an extraordinary general meeting (EGM) on February 25, this year to deliberate on the matter.
The EGM is also to approve an increase in the authorized number of shares of the company from 50,000,000 ordinary shares of no par value to 100,000,000 ordinary shares of no par value and also amend regulation 7 of the company’s regulations.
Aluworks was founded in 1978 and was subsequently listed on the Ghana stock exchange in 1996. It currently has issued shares of 50,000,000 and a stated capital of about US$50,024,000,000.
Aluworks is a reliable supplier of good quality aluminium circles and sheet-in-coil and flat sheets as raw materials for many small and medium factories manufacturing aluminium household cooking utensils, corrugated roofing sheets, and general fabrication throughout the West African sub-region.
In Ghana and throughout the rest of West Africa, factories producing aluminium colour-coated sheets and corrugated roofing sheets source their raw materials in the form of sheet-in-coil or flat sheets from Aluworks Ltd.
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