Tuesday October 09, 2007
SECURITIES & EXCHANGE COMMISSION’S APPROVAL OF THE BASIS OF ALLOTMENT FOR UBA’S RIGHTS ISSUE, PUBLIC AND SUPPLEMENTARY OFFERS
The offer for subscription of 1,127,400,000 ordinary shares for Naira 35 per share and rights issue of 423,600,000 ordinary shares for Naira 34 by United Bank for Africa (“UBA”) Plc was over-subscribed by approximately 100% from local and international investors with total demand at about US$806 million....[more]