Investor Relations

Analysis of Share Holding

As at prior and current reporting dates, the Company's ordinary shares were held as follows:

	%	2022 Ordinary shares of 50k each	Share capital
The Raysun Nigeria Limited	86.5	6,761,283	3,380,641
Akwa Ibom Investment Corporation	10.1	787,407	329,757
Other shareholders	3.5	280,806	204,350
	100.0	7,829,496	3,914,748

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.