C&I Leasing Plc has notified its esteemed shareholders, stakeholders, the Nigerian Stock Exchange (NSE) and the general public, that the Company has obtained an approval from the Securities Exchange Commission (SEC) to conduct the signing ceremony with regards to the proposed Rights Issue of 539,003,333 ordinary shares of 50kobo each at N6 per share.
The Rights Issue is on the basis of four (4) new ordinary shares for every three (3) ordinary shares held by existing shareholders of the company.
The Qualification Date for the Rights Issue is Wednesday, 4 September 2019.
Subject to the approval of the executed offer documents by the SEC, the application list is expected to open on the 11th of November 2019 or any other date approved by the Commission and shall open for a maximum period of 28 days.
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.
The company has asked its esteemed shareholders to contact their stockbrokers and other financial advisers for more details on the offer.
