Roto Pumps Ltd has recommended a 1:1 bonus issue. This means that for every share that an investor holds, they will receive one additional share. The bonus issue is subject to the approval of the shareholders at the annual general meeting (AGM) to be held on 30th June 2023.
Details of the bonus issue:
- Ratio: 1:1
- Record date: 26th June 2023
- Ex-bonus date: 27th June 2023
- Allotment date: 1st July 2023
The bonus issue is being recommended to reward shareholders for their continued support of the company. The company has been performing well in recent years and has been able to grow its earnings and profits. The bonus issue is also a way for the company to increase its share capital and improve its financial strength.
The bonus issue will be implemented on 1st July 2023. The ex-bonus date is 27th June 2023. This means that shares will trade ex-bonus on 27th June 2023 and the new shares will be allotted on 1st July 2023.
The bonus issue is a positive development for Roto Pumps Ltd and its shareholders. It is a sign that the company is doing well and that it is confident in its future. The bonus issue will reward shareholders for their continued support and will help to improve the company’s financial strength.