ETranzact International Plc’s rights issue of 4.67 billion ordinary shares of N0.50 each, at N1.50 per share on the basis of 10 new ordinary shares for every nine ordinary shares held as at March 25, 2020, has opened for subscription.
“Further to our Market Bulletin of 25 March 2020, with reference number: NSE/RD/LRD/MB22/20/03/25, Dealing Members are hereby notified that eTranzact International Plc’s Rights Issue of Four Billion, Six Hundred and Sixty-Six Million, Six Hundred and Sixty-Six Thousand, Six Hundred and Sixty-Seven (4,666,666,667) ordinary shares of N0.50 each, at N1.50 per share on the basis of ten (10) new ordinary shares for every nine (9) ordinary shares held as at 25 March 2020, has opened for subscription as shown below:”
- Acceptance list opened: Tuesday, 14 July 2020
- Acceptance list closes: Monday, 10 August 2020
The firm posted revenue of N5.915bn in 2020 as against N5.59bn in 2019, representing a growth of 5.81 per cent.
eTranzact International, a payment technology provider, is principally engaged in the processing of all facets of electronic payment transactions using its switching platform.