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Home » FBN Holdings eyes N138bn from Rights Issue

FBN Holdings eyes N138bn from Rights Issue

…basis of 1 new ordinary share for every 4 held

The Nigerian Exchange Limited (NGX) trading license holders have been notified that FBN Holdings Plc (FBN Holdco) has through its stockbrokers, FBNQuest Securities Limited, submitted an application to Nigerian Exchange Limited for the approval and listing of a Rights Issue.

The FBN Holdco Rights Issue of 8,973,823,198 ordinary shares of 50 kobo each comes at N15.50 per share.

Read also: VFD Group targets N12.5bn from Rights Issue

The Rights Issue is on the basis of 1 new ordinary share for every 4 ordinary shares held as at the close of business on Monday October 9, 2023.

The qualification date for the Rights Issue is October 9, 2023.


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