IHI was floated on the Malta Stock Exchange in April 2000 following a huge issue of 10000000 ordinary shares of 33 every at par.
The bonus share distribution was paid out of capital reserves.
During quite similar meeting a 4percent bonus share issue was declared to all shareholders with the exception of CPHCL and Istithmar Hotels FZE. On 23 July 2010, at the AGM shareholders of IHI empowered the Board of Directors to issue up to 200 million new shares with a nominal value of 00 within a 15month period. In December 2001, IHI announced a Rights Issue to shareholders, in which a further 8000000 shares of2 dot 33 every were issued. Ok, and now one of the most important parts. Medina Tower Joint Stock Company was ‘setup’ to construct a mixeduse development in Libya comprising residential, office space and retail outlets covering 200000 square meters issued capital of the Company changed to 110053489 00 shares every.
On 10 August 2015, the Company listed 2687960 new shares representing the consideration in kind that the shareholders of Island Hotels Group Holding -with the exception of the majority shareholders -were entitled to looking at the an offer by IHI for the acquisition of all the shares in IHG. You have to visit this link: 100.