Ellah Lakes Plc Proposes Rights Issue of 1bn Ordinary Shares

Ellah Lakes Plc (Ellah Lake or the Company) has through its joint Stockbrokers, Cordros Securities Limited, CSL Stockbrokers Limited, DSU Brokerage Services Limited and RMB Nigeria Stockbrokers Limited submitted an application to Nigerian Exchange Limited for the approval and listing of a Rights Issue of One Billion (1,000,000,000) ordinary shares of 50 kobo each at N2.90 per share, on the basis of one (1) new ordinary share for every two (2) ordinary shares held as at the close of business on 10 February 2023.

The Qualification Date for the Rights Issue is today, Friday, 10 February 2023.

Leave a Reply

Your email address will not be published.

You may use these <abbr title="HyperText Markup Language">HTML</abbr> tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>