The proposed N3billion Rights Issue by Fidson Healthcare Plc will open on Wednesday March 6, 2019; while the acceptance list will close on Tuesday April 9, 2019.
Fidson is offering to existing shareholders 750 million ordinary shares of 50kobo each at N4 per share on the basis of 1 new ordinary share for every 2 ordinary shares held as at December 28, 2018.
On Thursday January 31, Dealing Members of the Nigerian Stock Exchange were notified that Fidson Healthcare Plc (the Company) obtained the approval of the Securities and Exchange Commission (SEC) to issue a revised Rights Circular with respect to this Rights Issue.
It will be recalled that the initial terms of this Rights Issue were 900million ordinary shares of 50kobo each at N5 per share, on the basis of three (3) new ordinary shares for every five (5) ordinary shares held as at the close of business on Thursday, 5 July 2018.
IHEANYI NWACHUKWU
