Fidson Healthcare Plc has notified the Nigerian Exchange and the investing public that its shareholders have given approval for the Company to raise additional capital of up to N20 billion.
At the 25th Annual General Meeting of the Company recently held in Lagos, part of the resolutions passed is stated below:
The directors are hereby authorized to raise an additional capital of up to N20 billion or such amount as the Directors may deem fit through an allotment of shares to be issued whether by way of public offering, rights issue, strategic allotment, private/special placement or through a combination of methods, subject to terms and conditions to be determined by the Directors.