Stock & Analyst Updates | |
Stock & Analyst Updates | |
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Monday, September 09,
2019 /05:00PM /NSE
C&I Leasing Plc is pleased to notify
its esteemed Shareholders, Stakeholders, The Nigerian Stock Exchange ("The
Exchange") and the general public, that the Company has filed an
application with the Securities Exchange Commission (SEC) for approval to
undergo a Rights Issue of Five Hundred and Thirty Nine Million, Three Thousand,
Three Hundred and Thirty-Three (539,003,333) ordinary shares of Fifty Kobo
(N0.50) each at Six Naira (N6.00) per share, on the basis of four (4) new
ordinary shares for every three (3) ordinary shares held.
The Qualification Date for the Rights Issue is Wednesday, 4 September 2019."
Subject to the approval of the SEC, the
company shall hold a signing ceremony to execute all offer documents before
opening the offer in line with the approval obtained.
Rights circular will be distributed to
shareholders while application forms would also be made available on the
website of the company's Registrars for ease of access.
Esteemed shareholders are advised to
contact their stockbrokers and other financial advisers for more details of the
offer
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