Unity Bank plc has notified the Nigerian Stock Exchange (NSE) that Securities and Exchange Commission (SEC) has approved the extension of Unity Bank Right Issue Offer. The Offer will now close tomorrow Wednesday, July 9, 2014.
Unity Bank plc is offering a Right Issue of 38,446,689,710 Ordinary Shares of 50kobo each at 50 kobo per share and Private Placement of 40,000,000,000 Ordinary Shares of 50 kobo each at 50 kobo per share.
In a related market development, University Press plc has declared a dividend of 35kobo per share for the financial year ended March 31, 2014.
The company intends to close its register from 1st – 4th September, 2014 ahead of its annual general meeting which comes up on September 25, 2014.
Iheanyi Nwachukwu
