News Update



C&I Leasing Plc PROPOSED RIGHTS ISSUE

Wednesday 11 September, 2019

RE: PROPOSED RIGHTS ISSUE OF 539,003,333 ORDINARY SHARES OF 50 KOBO EACH AT N6.00 ON THE BASIS OF 4 NEW ORDINARY SHARES FOR EVERY 3 SHARE HELD IN THE COMPANY


C&I Leasing Plc is pleased to notify its esteemed Shareholders, Stakeholders, The Nigerian Stock Exchange ("The Exchange") and the general public, that the Company has filed an application with the Securities Exchange Commission (SEC) for approval to undergo a Rights Issue of Five Hundred and Thirty Nine Million, Three Thousand, Three Hundred and Thirty-Three (539,003,333) ordinary shares of Fifty Kobo (N0.50) each at Six Naira (N6.00) per share, on the basis of four (4) new ordinary shares for every three (3) ordinary shares held. The Qualification Date for the Rights Issue is Wednesday, 4 September 2019.


Subject to the approval of the SEC, the company shall hold a signing ceremony to execute all offer documents before opening the offer in line with the approval obtained.

Rights circular will be distributed to shareholders while application forms would also be made available on the website of the company’s Registrars for ease of access.


Esteemed shareholders are advised to contact their stockbrokers and other financial advisers for more details of the offer.


For: C&I Leasing Plc


MBANUGO UDENZE & CO. 

Company Secretary

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