Flour Mills of Nigeria Plc has rounded off pre-offer processes and signed off documentation for its ₦39.9 billion rights issue, setting the stage for the opening of the application list for the new capital raising. At the signing ceremony, which rounded off the pre-offer processes and documentations at the weekend, Flour Mills of Nigeria Plc […]
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Nigeria’s largest and oldest conglomerate, UAC of Nigeria (UACN) Plc is scheduled to close the application list for its ongoing ₦15.4 billion rights issue this Friday, giving shareholders some 48 hours to pick their rights. UACN is raising ₦15.36 billion through a rights issue of 960.43 million ordinary shares of 50 kobo each at ₦16 […]
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Lafarge Africa Plc at the weekend closed application list for its ₦131.65 billion rights issue, rounding off the subscription to its major capital raising aimed at deleveraging its balance sheet and rebuilding a more supportive capital base. Lafarge Africa had on November 24, 2017 launched an offer to raise ₦131.65 billion through a rights issue […]
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Union Bank Nigeria Plc’s ₦50 billion Rights Issue opened for subscription, yesterday, just as Forte Oil Plc has put on hold its proposed ₦20 billion capital raising after receiving the approval of Securities and Exchange Commission, SEC. Union Bank is offering 12.1 billion ordinary shares of 50 kobo each at ₦4.10 per share to the […]
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Unilever Nigeria Plc., yesterday, presented facts behind its plans to raise ₦N58,851,275,010 on the floor of the Nigerian Stock Exchange (NSE) in Lagos. At the briefing, the management said total of 1,961,709,167 ordinary shares of 50 kobo each will be offered to existing shareholders on the basis of 14 new ordinary shares for every 27 […]
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Guinness Nigeria Plc has opened application list for its ₦39.7 billion rights issue, paving the way for shareholders to pick up their rights. The rights are also being traded on the automated trading system at the Nigerian Stock Exchange. Application list for the rights issue opened on July 24, 2017 and will close on August […]
Read More UAC of Nigeria Plc’s bid to bolster its working capital and recapitalise the other subsidiaries within the Group to receive a major boost, yesterday, following shareholders approval of ₦15.4 billion Rights Issue proposed by the Board of Directors. The shareholders also approved the ₦1.92 billion dividend, which translates to ₦1.00 per ordinary share of 50 […]
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