PORTPAINT Files Application for Approval & Listing of Rights Issue

Proshare

Tuesday, February 09, 2016 05:09PM / NSE

Dealing Members are hereby notified that Portland Paints and Products Nigeria Plc (“Portland Paints” or the ‘’Company’’) has through its Stockbroker; Stanbic IBTC Stockbrokers Ltd, submitted an application to The Exchange for approval and listing of a Rights Issue of 600,000,000 Ordinary Shares of 50 Kobo each at N3.30 per share on the basis of 3 new ordinary shares for every 2 ordinary shares held.

The Qualification Date for the Rights Issue is today, 9 February 2016.

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