NGX Admits 3.16bn UBA Rights Issue
NGXREG/IRD/IA7/01/26
United Bank for Africa Plc:
Re: Listing of Rights Issue of 3,156,869,665 Ordinary Shares of 50 Kobo Each at N50.00 Per Share on the Basis of 1 new Ordinary Share for Every 13 Ordinary Shares Held as at the Close of Business 16 July 2025
We refer to all prior communication on the above subject matter, especially our letter dated 28 July 2025, wherein we communicated the approval of the above transaction by NGX Regulation Limited.
Following the submission of all post-approval documents, please be informed that United Bank for Africa Plc’s Rights Issue of 3,156,869,665 ordinary shares of 50 Kobo each at N50.00 per share on the basis of 1 new ordinary share for every 13 ordinary shares held were formally listed on the Daily Official List of Nigerian Exchange Limited (NGX) today, Monday, 12 January 2026.
With this listing, the total outstanding shares of United Bank for Africa Plc listed on NGX have now increased from 41,039,305,642 ordinary shares of 50 Kobo each to 44,196,175,307 ordinary shares of 50 Kobo each.