Stock Market

eTranzact Rights Issue of 4.6bn Ordinary Shares Opens

Published

4 years ago

July 15, 2020

eTranzact Declares Open Rights Issue of 4.6 Billion Ordinary Shares

eTranzact International Plc has declared open proposed rights issue of 4,666,666,667 ordinary shares of 50 Kobo each at N1.50 Per Share on the basis of ten (10) new ordinary shares for every nine (9) ordinary shares held.

In a statement issued by Godstime Iwenekhai, Head of Listings Regulation Department, eTranzact, the company said “Further to our Market Bulletin of 25 March 2020, with reference number: NSE/RD/LRD/MB22/20/03/25, Dealing Members are hereby notified that eTranzact International Plc’s 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 N0.50 each, at N1.50 per share on the basis of ten (10) new ordinary shares for every nine (9) ordinary shares held as at 25 March 2020, has opened for subscription as shown
below:

Acceptance list opened: Tuesday, 14 July 2020

Acceptance list closes: Monday, 10 August 2020″

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Samed Olukoya

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.