Tue Apr 5, 2016/Reuters Nigerian conglomerate UAC group has suspended a planned rights issue due to a weak equity market and shareholders had rejected a proposal to issue preference shares via a private placement, Chief Executive Larry Ettah said on Tuesday. Ettah said the capital raising would happen at subsidiary […]
Tag: Rights Issue
Oando to seek shareholders’ vote to raise 250 bln naira
Nigeria’s Oando plans to seek shareholder approval to raise up to 250 billion naira ($1.5 bln) via debt or equity, the energy company said on Tuesday. Oando plans to hold the shareholder meeting on Feb. 18, it said in a statement, adding that 50 billion naira of the amount will […]
Sterling Bank Plc Rights Issue Records 103% Subcription Rate
Press Release Lagos, January 20, 2014 – Sterling Bank Plc (NSE: STERLNBANK/ Reuters: STERLNB.LG) –the ‘Bank’ – a full service National Commercial Bank concludes its rights issue with 103.3% subscription. The rights issue of 5,888,949,162 ordinary shares of 50 kobo each offered at N2.12 per share opened on June 24, […]
