FBN Holdings Plc Rights Issue: Trading Code Activation Announcement
Date of Announcement: November 4, 2024
Reference Number: NGXREG/IRD/MB81/24/11/04
Overview of Rights Issue Notification:
1. Rights Issue Activation:
Trading License Holders are informed that FBN Holdings Plc has activated trading for its Rights Issue. This includes a total of 5,982,548,799 ordinary shares priced at N25.00 each. The Rights Issue offers shareholders the opportunity to purchase one new ordinary share for every six existing shares held as of October 18, 2024.
2. Rights Issue Details:
• Issuer: FBN Holdings Plc
• Rights Issue Name: FBN HOLDINGS PLC 2024 RIGHTS
• Total Quantum Offered: 5,982,548,799 ordinary shares, each with a nominal value of 50 Kobo.
• Rights Issue Price: N25.00 per share
• Symbol Code: RR24FBNH
• ISIN: NGRR24FBNH09
• Subscription Ratio: 1 new share for every 6 existing shares
• Trading Opening Date: November 4, 2024
• Trading Closing Date: December 12, 2024
• Registrar: Meristem Registrars and Probate Services Limited
3. Action Required:
Trading License Holders and investors are advised to take the necessary actions regarding the Rights Issue within the stipulated time frame.
This announcement marks an important opportunity for existing shareholders to increase their stake in FBN Holdings Plc through this Rights Issue.
Date of Announcement: November 4, 2024
Reference Number: NGXREG/IRD/MB81/24/11/04
Overview of Rights Issue Notification:
1. Rights Issue Activation:
Trading License Holders are informed that FBN Holdings Plc has activated trading for its Rights Issue. This includes a total of 5,982,548,799 ordinary shares priced at N25.00 each. The Rights Issue offers shareholders the opportunity to purchase one new ordinary share for every six existing shares held as of October 18, 2024.
2. Rights Issue Details:
• Issuer: FBN Holdings Plc
• Rights Issue Name: FBN HOLDINGS PLC 2024 RIGHTS
• Total Quantum Offered: 5,982,548,799 ordinary shares, each with a nominal value of 50 Kobo.
• Rights Issue Price: N25.00 per share
• Symbol Code: RR24FBNH
• ISIN: NGRR24FBNH09
• Subscription Ratio: 1 new share for every 6 existing shares
• Trading Opening Date: November 4, 2024
• Trading Closing Date: December 12, 2024
• Registrar: Meristem Registrars and Probate Services Limited
3. Action Required:
Trading License Holders and investors are advised to take the necessary actions regarding the Rights Issue within the stipulated time frame.
This announcement marks an important opportunity for existing shareholders to increase their stake in FBN Holdings Plc through this Rights Issue.