FTN Cocoa Processors Plc Proposes Rights Issue of N1.7bn

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Sunday November 14, 2021 / 03:15 AM / by NGX/ Header Image Credit:   FTN Cocoa Processors Plc

 

The investing public is hereby notified that FTN Cocoa Processors Plc (the Company) has through its Stockbroker, Meristem Stockbrokers Limited, submitted an application to Nigerian Exchange Limited for the approval and listing of a Rights Issue of One Billion and Seven Hundred Million (1,700,000,000) ordinary shares of 50 kobo each at 50 kobo per share, on the basis of seventeen (17) new ordinary shares for every twenty-two (22) ordinary shares held.

 

The Qualification Date for the Rights Issue is Tuesday, 09 November 2021.

 

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