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Equity Assurance set to raise N6.375 billion

Category: Public Offers Private Placements


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Equity Assurance set to raise N6.375 billion

- Offer opens August 08

 

PETER OBIORA

Proshare NI

August 04, 2008 at 16:13 GMT

 

Equity Assurance Plc (EA) is set to raise a fresh fund of N6.375 billion through the Nigerian Capital Market by way of offer for subscription. This information was made available to Proshare NI from the company’s website in Lagos Nigeria.

 

To raise the N6.375 billion, EA is offering to members of the Nigerian Investing Public 1.5 billion Ordinary Shares of 50 Kobo each at N4.25 Kobo per share.

 

The offer would open August 08 and close September 08, 2008. As at the time of filling in this report, other details were not made available to Proshare NI.



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