SAT SEPT 06 2025-theGBJournal| The acceptance and application period of the second tranche of United Bank for Africa (UBA) Plc ongoing Rights Issue to raise N400 billion has been extended, the Bank announced on Friday.
Initially scheduled to close on Friday, September 5, 2025, the acceptance and application has now been extended by two weeks and will now close on Friday, September 19, 2025, following the receipt of approval from the Securities and Exchange Commission (SEC).
UBA is offering shareholders an exclusive opportunity to strengthen their stake in Africa’s Global Bank through the Rights Issue which opened on 30 July, 2025.
This Rights Issue represents the second tranche under the Bank’s N400 billion Equity Shelf Programme, which was duly registered with the SEC.
The Programme is designed to ensure compliance with the new minimum capital requirements stipulated by the Central Bank of Nigeria (CBN), while also supporting UBA’s strategic expansion objectives and long-term value creation for shareholders.
Vetiva is the Lead Issuing House for the Rights while United Capital and CardinalStone are Joint Issuing Houses.
UBA management said the extension is aimed at providing shareholders with additional time to fully exercise their rights and participate in the Rights Issue.
The Bank reaffirmed its committment to ensuring that all shareholders are adequately carried along in the process and can maximize the benefits of the Rights Issue.
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