As reported, sighed and released in the company’s corporate action through the NSE on Wednesday 3rd of April, 2019.
The Real Estate Developer company said “The attention of UACN Property Development Company Plc (the Company) has been drawn to an Online publication of April 2nd, 2019 by Business Post tagged “Flour Mills, UACN Property raise 20.5bn to Bolster Operations.
In the said publication, it was stated that UACN Property offered N5.62 billion Series 32 and P4 7. 9 6 billion Series 33 CP under a N24 billion CP Issuance Programme.
UPDC wishes to clarify that the information above is not a recent development as the N24bn Commercial Paper was launched in April 2016. Several Series were issued under the Programme from April 2016 to November 2018 when the last Series was issued.”
Fo ite-lCalaro (Mrs) Company Secretary/Legal Adviser
Signed
For: UACN Property Development Company Plc