Union Bank Rights Issue Opens


Union Bank of Nigeria Plc (UBN) is issuing 12.1 billion ordinary shares of 50 kobo each to existing shareholders at N4.10 per share to raise N50 billion in new equity funds as the first generation bank looks beyond its centenary.

The rights issue will be available to shareholders on the basis of five new ordinary shares for every seven ordinary shares held as at the close of business on Monday August 21, 2017. The offer period opens yesterday September 20, 2017 and closes on October 30, 2017.

For those willing to accept, renounce or trade in the Rights, kindly contact your broker to help you process your request.