Bonus Announcement: Algoquant Fintech Limited | 08 January 2025

What is a Bonus Share?

Bonus shares, also known as scrip dividends, are essentially free shares given to current shareholders in proportion to their existing holdings. For example, if a company announces a 1:2 bonus issue, shareholders will receive one new share for every two shares they currently hold. Similarly, a 9:1 ratio means that for every one share held, the shareholder will get nine additional shares.

Company	Ratio	Effective From
Padam cotton yarns	1:1	January 08 2025
Algoquant fintech	1:2	January 08 2025

Padam cotton yarns

Padam cotton yarns which is a leading company in Textiles has announced 1:1 bonus issue for its shareholders, effective, January 08 2025 rewards shareholders. This means that for every 1 share held by an investor, they will receive 1 additional shares at no cost. The bonus issue is a part of the company’s strategy to reward its shareholders by increasing the number of shares outstanding, thus enhancing liquidity in the market.

Algoquant fintech

Algoquant fintech which is a leading company in Financial Services has announced 1:2 bonus issue for its shareholders, effective, January 08 2025 rewards shareholders. This means that for every 2 share held by an investor, they will receive 1 additional shares at no cost. The bonus issue is a part of the company’s strategy to reward its shareholders by increasing the number of shares outstanding, thus enhancing liquidity in the market.