CILEASING Files Application With SEC For Approval To Undergo A Right Issue

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

One Year Share Price Movement

Related News

1. C and I Leasing Plc Submits Application For Approval and Listing of A Rights Issue
2. CILEASING to Hold 54th AGM on July 18 2019
3. CILEASING Releases Q1 2019 and 2018 Audited Results; Declares N398.46m PAT in Q1,(SP:N7.20k)
4. CILEASING Notifies of Delay in Filing of the Company's 2018 AFS
5. CILEASING Notifies of the Company's Board Meeting and Closed Period
6. CILEASING Updates on the Delay in the Reconciliation of Shareholdings
7. Abraaj Confirms Intention To Convert Aureos Africa Fund Of US$10m Loan Stock In CILEASING To Equity
8. CCNN, CILEASING and NEM Top As Best Performing Stocks YTD
9. C and I Leasing Lists N7bn Fixed Rate Bond on FMDQ Platform
10. CILEASING Concludes Buyout of 27.5% Minority Stake in C and I Petrotech Marine Ltd