Analysis of share holding
As at 31st Dec 2019 reporting dates, the Company's ordinary shares were held as follows:
|Ordinary shares of 50k each||Share capital|
|The Raysun Nigeria Limited||60.5||4,740,007||2,370,004|
|Assets Management Nominee||12.3||961,864||480,932|
|Akwa Ibom State Government||10.0||782,968||391,484|
In other to comply with the free ﬂoat requirement of the Nigerian Stock Exchange, the Board of Directors have initiated necessary steps as at reporting date to ensure that a minimum of 20% of the Company's issued shares are held by public investors.