eTranzact Proposes Rights Issue of 4.67 Billion Shares

March 25, 2020/NSE

eTranzact International Plc (eTranzact or the Company) has through its Stockbroker, Cordros Securities Limited , submitted an application to The Nigerian Stock Exchange (The Exchange) for the approval and listing of a Rights Issue of Four Billion, Six Hundred and Sixty-Six Million, Six Hundred and Sixty-Six Thousand, Six Hundred and Sixty-Seven (4,666,666,667) ordinary shares of fifty kobo (N0.50) each at One Naira Fifty Kobo (N1.50) per share, on the basis of ten (10) new ordinary shares for every nine (9) ordinary shares held.

The Qualification Date for the Rights Issue is today, Wednesday, 25 March 2020.

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