Stock Exchange

Pleass Global now valued at $9.57m

The South Pacific Stock Exchange today announced that Pleass Global Limited had listed an additional 600,000 shares on the SPSE trading platform during the pre-open session. According to the SPSE, PBP issued 600,000 new shares at a premium value of $2.00 per share to a strategic investor via a private placement which was unanimously approved […]

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December 21, 2016 8:04 am

The South Pacific Stock Exchange today announced that Pleass Global Limited had listed an additional 600,000 shares on the SPSE trading platform during the pre-open session.

According to the SPSE, PBP issued 600,000 new shares at a premium value of $2.00 per share to a strategic investor via a private placement which was unanimously approved by PBP shareholders in October.

The funds raised through the additional issue of shares would be applied towards the acquisition of new production machinery for PBP.

Based on its most recent audited financial statements, PBP’s price earnings ratio stood at 11.58 times and earnings per share at 12.52 cents. The company’s market capitalisation after factoring in this new quotation now stands at $9,570,000.

PBP first listed on the SPSE in February 2009 as a growing corporation engaged in production and marketing of bottled water in brands of Aquasafe and VaiWai Natural Artesian Water; wholesaling packaging materials; and operates the Kila Eco Adventure Park.

PBP’s current market price is $1.45 per share with a total of 6,600,000 shares now quoted on the SPSE trading platform.

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