FBN Holdings Plc recently proposed Rights Issue of 5,982,548,799 ordinary shares at N25 per share on the basis of 1 new ordinary share for every existing six (6) ordinary shares held as at the close of business on Friday, 18 October 2024.
The Holding Company, on Wednesday, 6 November 2024 held “Facts Behind the Rights Issue” at the Nigerian Exchange. The Executive management team of FBN Holdings was led by the Group Managing Director, Mr. Nnamdi Okonkwo to provide insights into the company’s strategic vision for the future, key business strategies and the anticipated impact of this rights issue on its operations and growth trajectory.
The Rights Issue opened on Monday, November 4, 2024. The closing date is 12 December 2024.