UACN Property Development Company proposes Rights Issue of 15.96bn ordinary shares

UACN Property Development Company has notified the Nigerian Stock Exchange of its proposed Rights Issue of 15.96bn ordinary shares.

In a statement made available on the website of the Nigerian Stock Exchange, dealing members are hereby notified of the revised terms to the proposed Rights Issue by UACN Property Development Company Plc .

Consequently, the revised terms of the Rights Issue as stated in the Securities and Exchange Commission (SEC) approved Rights Circular is now as follows: Fifteen Billion Nine Hundred and Sixty-one Million Five Hundred and Seventy-four Thousand One Hundred and Forty-five (15,961,574,145) ordinary shares of 50 kobo each at N1.00 per Share on the basis of 43 new Ordinary Shares for every 7 Ordinary Shares.


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