WorldStage Newsonline– Royal Exchange Plc said it has obtained approval from the Securities and Exchange Commission (SEC) to conduct the signing ceremony with regards to its proposed Rights Issue of 4,116,296,059 Ordinary Share of 50 kobo each at 50 kobo per share.
In a notice at the Nigerian Exchange, the company said the rights issue will be on the basis of four new ordinary shares for every five shares held in the company.
It said the qualification date is 6 March 2023 while application list will open for maximum of 28 days on 29th November, 2023.
