ABC Transport Plc Proposes a Rights Issue of N1.13bn


Sunday December 05, 2021 / 06:00 AM / by NGX/ Header Image Credit:  ABC Transport Plc


ABC Transport Plc has through its Stockbroker, FSL Securities Limited, submitted an application to Nigerian Exchange Limited for the approval and listing of a Rights Issue of One Billion, One Hundred and TwentySeven Million, Two Hundred and Thirty-Six Thousand (1,127,236,000) Ordinary Shares of Fifty Kobo (N0.50) each at Thirty-Five Kobo (N0.35) per share, on the basis of sixty-eight (68) new ordinary shares for every one hundred (100) ordinary shares held.


The Qualification Date for the Rights Issue was Tuesday, 30 November 2021.


Further information regarding the Rights Issue will be communicated in due course.


This is for your information and necessary action, please.


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