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NPF Microfinance Bank Plc Opens Rights Issue and Public Offer for Subscription

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NPF Microfinance Bank Plc announced it has opened its rights issue and public offer for subscription on Thursday, 24 June 2021 following approval from the Securities and Exchange Commission (SEC).

In the statement released through the Nigerian Exchange Limited platform, the Microfinance Bank said “Trading License Holders and the Investing Public are hereby notified that NPF Microfinance Bank Plc’s Rights Issue and Public Offer opened for subscription on Thursday, 24 June 2021, further to the approval of the Securities and Exchange Commission.”

The bank declared open for subscription rights issue of 2,286,657,766 ordinary shares of 50 kobo each at N1.50 per share on the basis of one new ordinary share for every one ordinary share held as at 17 May, 2021. See the details below.

NPF Microfinance Bank Plc - Investors King

Is the CEO and Founder of Investors King Limited. He is a seasoned foreign exchange research analyst and a published author on Yahoo Finance, Business Insider, Nasdaq, Entrepreneur.com, Investorplace, and other prominent platforms. With over two decades of experience in global financial markets, Olukoya is well-recognized in the industry.

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