By InvestAdvocate

Lagos (INVESTADVOCATE)-Soap and detergent producer, Unilever Nigeria Plc (UNILEVER) has said that its proposed Rights Issue  will be priced at N30.00 per share on the basis of 14 new ordinary share for every 27 ordinary share held, the company in a market bulletin to the Nigerian Stock Exchange (NSE).

UNILEVER notified dealing members through its stockbroker; Stanbic IBTC Stockbrokers Limited, that it has submitted an application to The Exchange for approval and listing of a Rights Issue of 1,961,709,167 Ordinary Shares of 50 Kobo each at N30.00 per share on the basis of 14 new ordinary share for every 27 ordinary share held.

According to the NSE, the qualification date for the Rights Issue was  28 June 2017.    Godstime Iwenekhai acting head, Listings Regulation Department of the NSE affirmed.