Listed company issues additional shares to pay investment manager’s fee

The Listing Executive Committee of the Stock Exchange of Mauritius Ltd (SEM) has approved, on 16 November 2021, the issue and listing of 436,032 additional ordinary shares of Universal Partners Limited on the Official Market at a price of GBP 1.45 per share.

This was done by way of a consideration issue for the part settlement of the carry fee owed to Argo Investment Managers.

The transaction is in relation to the disposal of the investment in YASA Ltd, a British manufacturer of electric motors and motor controllers for use in automotive and industrial applications.

Universal Partners will now have a total of 72,786,163 shares – to be traded as from 19 November 2021.