Sunday May 22, 2022/ 07:42 AM / by NGX/ Header Image Credit:  ABC Transport

ABC Transport Plc - Revalidation of Approval Granted to ABC Transport Plc’s Listing of Rights Issue of 1,127,236,000 Ordinary Shares of 50 Kobo Each at N0.35 Per Share on the Basis of Sixty-Eight (68) New Ordinary Shares for Every One Hundred (100) Ordinary Shares Held as at the Close of Business on 30 November 2021 on Nigerian Exchange Limited (NGX) 

We refer to our Market Bulletin of 1 December 2021, with reference number: NGXREG/LRD/MB53/21/12/01 wherein the Market was notified of the approval of the application for approval and listing of a Rights Issue of One Billion, One Hundred and Twenty-Seven Million, Two Hundred and Thirty-Six Thousand (1,127,236,000) ordinary shares of Fifty Kobo (N0.50) each at Thirty-Five Kobo (N0.35) per share, on the basis of sixty-eight (68) new ordinary shares for every one hundred (100) ordinary shares held and which was submitted through its Stockbroker, FSL Securities Limited. 

Please be informed that the above-mentioned Right Issue opens on Monday, 16 May 2022 and closes on Tuesday, 31 May 2022. 

Kindly note that, trading in Rights is yet to commence as the Issuer has not completed the process