Retail shareholders rally UBA’s N239.4bn rights issue

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Shareholders have shown enthusiasm towards the United Bank for Africa (UBA) Plc’s N239.4 billion rights issue which got off to a momentous start as shareholders indicated interests to buy more shares in the pan-Africa banking group.

Retail shareholders across Nigeria’s leading shareholders’ associations said they were mobilising support for the N239.4 billion rights issue, describing the offer as a golden opportunity to lock in more values in the bank that has shown exceptional returns to shareholders.

UBA has opened acceptance list for a N239.4 billion rights issue, offering 6.84 billion ordinary shares of 50 kobo each to existing shareholders at N35 per share. The…



Source: Nigerian Tribune