C&I Leasing Plc Gets SEC’s Approval for N3.2bn Rights Issue


C&I Leasing Plc (the Company) is pleased to notify its esteemed Shareholders, Stakeholders, The Nigerian Stock Exchange (“The Exchange”) and the general public, that the Company has obtained an approval from the Securities Exchange Commission (“SEC” or the “Commission”) to open subscription on the Rights Issue of Five Hundred and Thirty-Nine Million, Three Thousand, Three Hundred and ThirtyThree (539,003,333) ordinary shares of Fifty Kobo (N0.50) each at Six Naira (N6.00) per share, on the basis of four (4) new ordinary shares for every three (3) ordinary shares held. The Qualification Date for the Rights Issue was Wednesday, 4 September 2019.”

Following the approval, the offer opens today on Monday, 18th of November 2019 and closes on Friday 27th of December 2019.

The Rights eCircular is being distributed to shareholders while application forms are also available on the website of the company’s Registrars, Centurion Registrars for ease of access (http://centurionregistrars.com/).

Esteemed shareholders are advised to contact their stockbrokers and other financial advisers for more details on the offer.

The company had ended 2018 financial year with a profit after tax (PAT) of N438 million and paid a dividend of N104.3 million.