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Banking sector: UBA extends the deadline for issuing rights by two weeks

09/09/2025
Source : ORISHAS FINANCE
Categories: Sectors

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United Bank for Africa Plc extended the acceptance period for his show rights in the course of two weeks. This extension followed approval of Securities and Exchange Commission depending on the lender.

The acceptance/application period for the show of current UBA rights, originally scheduled for Friday, September 5 2025, has been extended for two weeks and will now end on Friday 19 September 2025. The announcement was made United Bank for Africa Plc, serif">after receiving approval from Securities and Exchange Commission. UnitedBank for Africa Plc (the Bank) informs hereby its shareholders, the Nigerian Exchange Limited, its parties stakeholders and the general public that the acceptance/application period for its current rights issue, originally scheduled for Friday 5 September 2025, has been extended for two weeks and will now end on Friday, September 19, 2025, after receiving approval from the Securities and Exchange Commission” announces the press release. According to the document, this extension is intended to grant shareholders additional time to fully exercise their rights and participate in the issuance of rights.” According to the bank, this measure aims to give shareholders an additional period of time to fully exercise their rights and participate in the offer.

The press release also states that “the bank remains determined to ensure that all shareholders are properly involved in the process and can maximize the benefits of rights issuance.”

The bank advised shareholders and stakeholders who want more details to contact their team relationships with investors.

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