Pleass Global Limited Records An Additional Quotation of 42,441 Shares

The South Pacific Stock Exchange (SPX) is pleased to announce that Pleass Global Limited (PBP) has quoted an additional 42,441 shares at $2.47 per share on the SPX trading platform.

This came during pre-open session on December 9. 2019 through its Dividend Reinvestment Scheme.

SPX Chief Executive Officer, Krishika Narayan added that “PBP had entered into a dividend reinvestment plan earlier during the year and this is certainly a welcome trend noted by the Exchange as various other listed entities are now actively using the SPX platform to undertake such forms of corporate actions.

Listed entities

“We anticipate other listed entities to take queue as this will encourage greater participation by shareholders and enhance further liquidity of their shares.” PBP declared a dividend of $0.02 cents per share on November 12, 2019 which amounted to a total dividend pay-out of $132,841.

Of this amount, $28,012 was paid in cash dividends to shareholders preferring this mode whilst the remaining shareholders opted for dividend reinvestment. Total dividend reinvestment is valued at $104,829.

Based on its most recent (31st December, 2018) audited financial statements, PBP’s Price Earnings ratio (PE) now stands at 2.85 times with a dividend yield of 1.54 per cent and market capitalisation of $17,379,700.

The Earnings per Share (EPS) for the company stands at 91.12 cents.

PBP is a diverse and growing corporation principally engaged in production and marketing of bottled water, establishing a state of the art bottling operation at source.

Pleass operates a business unit selling single use daily items and manufacture of packaging items and also operates adventure eco-tourism services and is in the establishment phase of organic farming and property development. PBP’s current market price is $2.60 with a total of 6,684,500 shares now quoted on the SPX trading platform.