12 Oct 2017 Union Bank Rights Issue 2017
Dear Valued Investor,
Please be informed that Union Bank of Nigeria Plc Rights Issue of 12,133,646,995 ordinary shares of 50 kobo each at NGN4.10 per share opened on Wednesday, September 20th 2017 and will close on Monday, 30th October 2017.
The ratio of the Rights is 5 new shares for every 7 shares held by shareholders whose names appeared in the register of members of the company as at Monday, 21st August 2017.
Acceptance list opens: Wednesday, September 20th 2017
Acceptance list closes: Monday, October 30th 2017
The company plans to raise NGN49.75 Billion at NGN4.10 which is a 28% discount from the closing price of NGN5.69 on Tuesday, 25th July 2017.
Chapel Hill Advisory Partners Limited and Chapel Hill Denham Securities Limited are the Lead Issuing House and Lead Stockbrokers, respectively, on this transaction.
Thank you for your time, as we look forward to providing you with assistance.