14

Feb

Royal Exchange Plc to raise N2.058bn via Rights Issue

Royal Exchange Plc at its recent Extra-Ordinary General Meeting has passed a resolution to raise equity capital of N2,058,148,030 (Two Billion, Fifty Eight Million, One Hundred and Forty-Eight Thousand, Thirty Naira by Rights Issue. The Company will issue to existing shareholders 4,116,296,059 ordinary shares of 50 kobo each on the basis of four (4) new ordinary shares[…]