The management of Berger Paints Nigeria Plc has finalised arrangements to raise N543.43m from its shareholders in a bid to modernise its manufacturing operations. To achieve this, the company is offering 72.5 million ordinary issues of 50k per share at N7.50 to its existing shareholders. According to the Chairman, Berger […]
Tag: Rights Issue
ARM rates Sterling Bank’s rights issue
Asset & Resource Management Company, an investment services company, has said the ongoing rights issue of Sterling Bank Plc provides investors with a highly attractive opportunity. According to an ARM rating explanatory note, the right issue’s price places a “buy†on the stock at the given the intrinsic potential of […]
Resort Savings seeks national status, to raise N3.5bn
Resort Savings and Loans Plc has announced plans to change its status from regional to a national mortgage bank after the completion of its ongoing initial public offering and rights issue. The company has on offer 3.2 billion shares of 50 kobo at 51 kobo per share, and one-for-three rights […]
