Zara LianneUBA Extends Rights Issue Deadline to September 19
United Bank for Africa Plc has extended the acceptance period for its ongoing rights issue by two weeks, shifting the deadline from September 5 to September 19, 2025.
In a notice to the Nigerian Exchange Limited and the investing public, the bank said the extension followed approval from the Securities and Exchange Commission.
“United Bank for Africa Plc (the Bank) hereby notifies its shareholders, the Nigerian Exchange Limited, stakeholders, and the general public that the acceptance/application period for its ongoing Rights Issue, initially scheduled to close on Friday, September 5, 2025, has been extended by two weeks and will now close on Friday, September 19, 2025, following the receipt of approval from the Securities and Exchange Commission. This extension is aimed at providing shareholders with additional time to fully exercise their rights and participate in the Rights Issue,” the statement partly read.
According to the bank, the move is intended to give shareholders sufficient time to maximise their participation in the offer. It added that it remains committed to ensuring all shareholders are carried along in the process.
The bank also advised shareholders and stakeholders seeking further details to contact its Investor Relations team.
UBA plans to raise over N157bn through the rights issue, with an application submitted for the approval and listing of 3,156,869,665 ordinary shares of 50 kobo each at N50.00 per share.
