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Union Bank 2017 Rights Issue Opens Today; Closes October 30th, 2017

Proshare

Wednesday 20th September 2017 8.44AM/ CardinalStone Research

Please be informed that Union Bank of NigeriaPlc (UBN) is issuing 12.1 billion ordinary shares of 50 kobo each to existing shareholders at N4.10 per share to raise N50 billion in new equity funds as the first generation bank looks beyond its centenary.


The rights issue will be available to shareholders on the basis of five new ordinary shares for every seven ordinary shares held as at the close of business on Monday August 21, 2017. The offer period opens today September 20, 2017 and closes on October 30, 2017.


For those willing to accept, renounce or trade in the Rights, kindly contact your broker to help you process your request.

Please do not hesitate to contact  your Investment Advisor or the Customer Service Desk if you have any enquiries.




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