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

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.