The board of United Bank for Africa Plc, at the weekend announced the extension of the acceptance/application period for its ongoing Rights Issue, initially scheduled to close on Friday, September 5, 2025, by two weeks.
Consequently, according to a notice to the Nigerian Exchange Limited, stakeholders, and the general public by Bili Odum, the Group Company Secretary and Legal Counsel, it “will now close on Friday, September 19, 2025.”
The extension, which he said “is aimed at providing shareholders with additional time to fully exercise their rights and participate in the Rights Issue,” followed “the receipt of approval from the Securities and Exchange Commission.”
The bank, he assured, “remains committed to ensuring that all shareholders are adequately carried along in the process and can maximize the benefits of the Rights Issue.”
