UAC-PROP Notifies of the Revised Terms of Its Proposed Rights Issue


Wednesday, February 12, 2020 07:30 PM / NSE/ Header Image Credit: UACN Property Development Company Plc

Further to the Market Bulletin with Reference Number: NSE/RD/LRD/MB55/19/09/30, dated 30 September 2019 on the above subject, the investing public and market stakeholders are hereby notified of the revised terms to the proposed Rights Issue by UACN Property Development Company Plc (the Company).


Consequently, the revised terms of the Rights Issue as stated in the Securities and Exchange Commission (SEC) approved Rights Circular is now as follows: Fifteen Billion Nine Hundred and Sixty-one Million Five Hundred and Seventy-four Thousand One Hundred and Forty-five (15,961,5 74,145) ordinary shares of 50 kobo each at 81.00 per Share on the basis of 43 new Ordinary Shares for every 7 Ordinary Shares held as at the close of business on Monday, 30 September 2019.


The table below highlights key terms of the Rights Issue and reflects where there are changes:

Proshare Nigeria Pvt. Ltd.

Please find in the table below the Symbol name, Symbol Code and the International Securities Identification Numbers (ISIN) for the trading in the Rights.

Proshare Nigeria Pvt. Ltd.

Visit UACN Property Development Company Plc IR Page in Proshare MARKETS 


Graph - One Year Share Price Movement

Proshare Nigeria Pvt. Ltd.


Table: Unaudited Q3 2019 Results

Proshare Nigeria Pvt. Ltd.


Proshare Nigeria Pvt. Ltd.

Related News

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

2.     UACN Declare N9.2bn loss in 2019 Q4 Unaudited Result

3.     UACN Appoints Mr. Karl Olutokun Toriola As Non-Executive Director

4.     UACN Notifies of Board Meeting

5.     UACN Declares N12.75bn Loss in Q3 2019 Results,(SP:N6.20k)

6.     UACN Notifies Of Board Meeting And Closed Period

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

8.     UACN, UPDC Recapitalization And Restructuring Plans

9.     UACN And UPDC Jointly Announce Recapitalization And Restructuring Plans

10.  UACN Records N1.38bn PAT in Q2 2019 Results,(SP:N5.75k)

11.   UACN Notifies of the Company's Board Meeting and Closed Period


 Proshare Nigeria Pvt. Ltd.


 Proshare Nigeria Pvt. Ltd.



Related News