UAC-PROP Revises Terms of Proposed Rights Issue

February 12, 2020/NSE

Further to the Market Bulletin with Reference Number: NSE/RD/LRD/MB55/19/09/30, dated 30 September 2019 on the above subject, the investing public and market stakeholders are hereby notified of the revised terms to the proposed Rights Issue by UACN Property Development Company Plc (the Company).

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 (15,961,5 74,145) ordinary shares of 50 kobo each at 81.00 per Share on the basis of 43 new Ordinary Shares for every 7 Ordinary Shares held as at the close of business on Monday, 30 September 2019.

The table below highlights key terms of the Rights Issue and reflects where there are changes:

Proshare Nigeria Pvt. Ltd.

Please find in the table below the Symbol name, Symbol Code and the International Securities Identification Numbers (ISIN) for the trading in the Rights.

Proshare Nigeria Pvt. Ltd.

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