Update on UAC of Nigeria Plc Rights Issue 2017

Kindly be informed that the on-going UAC of Nigeria Plc (UACN) Right Issue of 960,432,193 ordinary shares of 50 kobo each to existing shareholders at an offer price of N16.00 per share will close on Friday, December 22nd, 2017.  
It would be recalled that the Rights Issue opened on Wednesday, November 15th, 2017 with the aim of raising a total of N15.4 billion which will be invested into the Company’s working capital and re-capitalization of its subsidiaries.  
The Rights is on the basis of one (1) new ordinary shares for every two (2) ordinary shares held at the close of business on Thursday, October 19, 2017.