State Trading Organization plc (STO) was registered as a public company in August 2001 and 1,126,910 shares were issued. During the IPO in 2001, 2.44% of the shares were sold to general public with the state holding the rest.
A second offering took place in 2003, increasing the public ownership at STO to 7.71%, and a third in 2009 further increased that figure to 16.46%.
In 2010 the Government offered Provident Fund holders the option to use their savings to purchase state-owned share in public enterprises at a discount. Over 5000 additional state shares in STO were transferred to general public this way.
Current share structure of STO is as follows:
STO shares can be traded both ways through the Maldives Stock Exchange (MSE). MSE can be reached via phone at (960) 330 7878 and via email at firstname.lastname@example.org. For more information about MSE please visit their website at www.mse.com.mv.
For further information on STO shares please contact the Company Secretariat via email at email@example.com or phone at (960) 3344 383.
Please use this form to raise your concern as a sharehoder, directly to the Company Secretary.