UACN-PROP Submits An Application To The NSE For The Approval And Listing Of A Rights Issue


Monday, September 30, 2019 / 03:10PM / By NSE


UACN Property Development Company Plc ("UPDC") has through its Stockbroker, Stanbic IBTC Stockbrokers Limited, submitted an application to The Nigerian Stock Exchange for the approval and listing of a Rights Issue of Fifteen Billion, Nine Hundred and Sixty One Million, Five Hundred and Sixty-Three Thousand, Two Hundred and Sixty (15,961, 563, 260) ordinary shares of Fifty Kobo (N0.50) each at One Naira (N1.00) per share, on the basis of forty-three (43) new ordinary shares for every seven (7) ordinary shares held.


The Qualification Date for the Rights is today Monday, 30 September 2019.


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