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eTranzact International applies for proposed N6.99bn Rights Issue

Nigerian Stock Exchange

Dealing Members of the Nigerian Stock Exchange (NSE) were on Wednesday March 25 notified that eTranzact International Plc (eTranzact) has submitted application for proposed Rights Issue.

Through its stockbroker, Cordros Securities Limited, eTranzact submitted an application to The Exchange for the approval and listing of a Rights Issue of 4.666billion ordinary shares of 50kobo each at N1.50 per share.

The company targets to raise about N6.99billion from existing shareholders on the basis of ten (10) new ordinary shares for every nine (9) ordinary shares they held.

The Qualification Date for the Rights Issue is today, Wednesday March 25, 2020.