By Modupe Gbadeyanka
The Board of Unilever Nigeria Plc has disclosed that it plans to list rights issue of about 1.96 ordinary shares on the Nigerian Stock Exchange (NSE).
A statement dated Wednesday, June 28, 2017, and signed by Mr Godstime Iwenekhai, the Acting Head, Listings Regulation Department at Unilever, noted that an application to carry out this exercise has already been submitted to the stock market regulator for approval.
Mr Iwenekhai stated that the application was submitted to management of the NSE through its Stockbroker, Stanbic IBTC Stockbrokers Limited.
“Dealing Members are hereby notified that Unilever Nigeria Plc has through its Stockbroker, Stanbic IBTC Stockbrokers Limited, submitted an application to The Exchange for approval and listing of a Rights Issue of 1,961,709,167 Ordinary Shares of 50 Kobo each at N30 per share on the basis of 14 new ordinary shares for every 27 ordinary share held,” the statement said.
It emphasised that the “qualification date for the Rights Issue is today, 28 June 2017.”
Lagos-based Unilever Nigeria Plc is a firm which deals in the manufacture and marketing of foods and food ingredients, and home and personal care products.
Dipo Olowookere 
Adedapo Adesanya