| Stock & Analyst Updates |    4627 VIEWS  |
| Stock & Analyst Updates | |
| 4627 VIEWS | |
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Tuesday, July 18, 2017/3:45 PM/NSE
United Bank for Africa Plc (UBA) announces the
crossing of 2,080,104,955 units of its ordinary shares from the Staff Share
Investment Trust Scheme (SSIT) to the Bank.
This transfer of shares from SSIT to the Bank is
part of the process of executing the Special Resolution of the Shareholders at
the Annual General Meeting held on Friday, April 08, 2016, to cancel the shares
held under the SSIT. Following this transfer, the Bank will complete all
relevant processes to effect the cancellation of these shares.
Upon cancellation of the 2,080,104,955 units of
ordinary share, the outstanding shares of UBA Plc will be reduced by the amount
accordingly.
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