CILEASING Obtains SEC Approval To Conduct Signing Ceremony With Regards To Its Proposed Rights Issue

Wednesday, November 06, 2019  / 3:50 PM / NSE/ Header Image Credit: C&I Leasing Plc

C&l Leasing Plc (the Company) is pleased to notify its esteemed Shareholders, Stakeholders, The Nigerian Stock Exchange ("The Exchange") and the general public, that the Company has obtained an approval from the Securities Exchange Commission ("SEC" or the "Commission") to conduct the signing ceremony with regards to the proposed Rights Issue of Five Hundred and Thirty Nine Million, Three Thousand, Three Hundred and Thirty-Three (539,003,333) ordinary shares of Fifty Kobo (NO.50) each at Six Naira (N6.00) per share, on the basis of four (4) new ordinary shares for every three (3) ordinary shares held. The Qualification Date for the Rights Issue is Wednesday, 4 September 2019.

Subject to the approval of the executed offer documents by the SEC, the application list is expected to open on the 11^th  of November 2019 or any other date approved by the Commission and shall open for a maximum period of 28 days.

Rights circular will be distributed to shareholders while application forms would also be made available on the website of the company's Registrars for ease of access.

Esteemed shareholders are advised to contact their stockbrokers and other financial advisers for more details on the offer.

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