SEC Approves an Extension of NPFMCRFBK Rights Issue and Public Offer; Closes July 30, 2021

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Sunday, July 04, 2021 / 03:01 AM / By NGX/ Header Image Credit: NPF Microfinance Bank Plc

 

We refer to our Market Bulletin of 25 June 2021, with reference number: NGXREG/LRD/MB18/21/06/25 wherein the Market was notified of the offer period for the NPF Microfinance Bank Plc's Rights Issue of 2,286,657,766 ordinary shares of 50 Kobo each at N1.50 per share on the basis of one (1) new ordinary share for every one (1) ordinary share held as at 17 May 2021 (Rights Issue); and the Offer for Subscription of 713,342,234 ordinary shares of 50 kobo each at N1.50 per share (Public Offer).

 

Please be informed that the Securities and Exchange Commission (SEC) has approved an extension of the offer period for both the Rights Issue and the Public Offer. With this SEC's approval, both the Rights Issue and the Public Offer which were initially scheduled to close on Wednesday, 30 June 2021 will now close on Friday, 30 July 2021.


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Related to NPF Microfinance Bank

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  2. NPF Microfinance Bank Submits An Application To NSE For Approval And Listing Of A Rights Issue
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  4. NPF Microfinance Bank Plc Announces Board Meeting Resolutions
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