Abbey Mortgage Bank Submits an Application for the Approval and Listing of a Rights Issue of 3.69bn

Monday October 12, 2020 / 10:03 AM / by NSE / Header Image Credit: Abbey Mortgage Bank

Abbey Mortgage Bank Plc has through its Stockbroker, Anchoria Investment and Securities Limited, submitted an application to The Nigerian Stock Exchange for the approval and listing of a Rights Issue of Three Billion, Six Hundred and Ninety-Two Million, Three Hundred and Seven Thousand, Six Hundred and Ninety-One (3,692,307,691) Ordinary Shares of Fifty Kobo (N0.50) each at Eighty-Two Kobo (N0.82) per share, on the basis of Four (4) new ordinary shares for every Seven (7) ordinary shares held.

The Qualification Date for the Rights Issue is Thursday, 8 October 2020.

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