September 05, 2018 / 11:44 AM / Research
May and Baker
Nigeria Plc filed an application for a Rights Issue of 980,000,000 ordinary
shares of 50 kobo each at an offer price of N2.50 per share on the basis of one
(1) new ordinary share for every one (1) ordinary shares held as at the close
of business on Tuesday, 4 September 2018.
The share price
closed at N2.40k yesterday, a price attained on August 31, 2018.
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