In a notice released by the Nigeria Stock Exchange, UACN Property Development Company Plc has through its Stockbroker, Stanbic IBTC Stockbrokers Limited submitted an application to The Nigerian Stock Exchange for the approval and listing of a Rights Issue of Fifteen Billion, Nine Hundred and Sixty One Million, Five Hundred and Sixty-Three Thousand, Two Hundred and Sixty (15,961, 563, 260) ordinary shares of Fifty Kobo each at One Naira per share, on the ratio of forty-three (43) new ordinary shares for every seven (7) ordinary shares held.
The Qualification Date for the Rights is today Monday, 30 September 2019. Today the stock price closed at N1.05.
UACN Property Development Company (UPDC) is a public limited liability company, listed on the Nigerian Stock Exchange.
UPDC focused in the development and management of luxury, premium and classic apartments in selected cities in Nigeria.