C&I Leasing Plc on Wednesday notified the Nigerian Stock Exchange on its proposed right issue of Five Hundred and Thirty Nine Million, Three Thousand, Three Hundred and Thirty-Three (539,003,333)ordinary shares of Fifty Kobo (N0.50) each at Six Naira (N6.00) per share.
In a statement made available on the website of the Nigerian Stock Exchange, the company stated thus:
“Dealing Members are hereby notified that C&I Leasing Plc has through its Stockbroker, CSL Stockbrokers Limited, submitted an application to the Nigerian Stock Exchange for the approval and listing of a Rights Issue of Five Hundred and Thirty Nine Million, Three Thousand, Three Hundred and Thirty-Three (539,003,333)ordinary shares of Fifty Kobo (N0.50) each at Six Naira (N6.00) per share, on the basis of four(4) new ordinary shares for every three (3) ordinary shares held”.
The Qualification Date for the Rights Issue was on Wednesday, 4 September 2019.