According to a statement made available to the Nigerian Stock Exchange on Wednesday, the company is proposing a rights issue of 750 million ordinary shares of 50 kobo each at N4 per share on the basis of one new ordinary share for every two ordinary shares held.
The statement read in part, “Further to our market bulletin of January 30, 2019, with reference number: NSE/RD/LRD/MB11/19/01/30, dealing members are hereby notified that the rights issue of Fidson Healthcare Plc of 750 million ordinary shares of 50 kobo each at N4 per share on the basis of one new ordinary share for every two ordinary shares held as at December 28, 2018 will be opened for subscription March 6, 2019.
“The acceptance list will close on April 9, 2019.”
The company had in January got the approval of the Securities and Exchanges Commission to revise the terms of its rights issue.
The initial terms of the rights issue were 900 million ordinary shares of 50 kobo each at N5 per share on the basis of three new ordinary shares for every five ordinary shares held as at the close of business on July 5, 2018.