Thursday, Oct 19, 2017 /4:55PM/ NSE
UAC of Nigeria Plc (“UACN” or the “Company”) has
through its Stockbrokers; Stanbic IBTC Stockbrokers Limited and Afrinvest
Securities Limited submitted an application to The Nigerian Stock Exchange
(“The Exchange”) for approval and listing of a Rights Issue of 960,432,193
Ordinary Shares of 50 Kobo each at N16.00 per share on the basis of 1 new
ordinary share for every 2 ordinary shares held.
The Qualification Date for the Rights Issue is today,
Thursday 19 October 2017.