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First Bank Nigeria Holdings Plans to Raise N300 Billion through Share Sale

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Finance News

First Bank Nigeria,FBN Holdings,Share Sale

First Bank Nigeria (FBN) Holdings has announced its plan to sell shares to private investors and existing shareholders to raise N300 billion. The company will hold an extraordinary general meeting (EGM) on April 30 to discuss the proposal.

First Bank Nigeria Holdings has announced its plan to sell shares to private investors and existing shareholders to raise N300 billion.

According to the company, the capital raise transaction shall be by issuance of shares via a public offering, private placement and rights issue in the Nigerian or international capital markets. “That the capital raise referred to in resolution {a) above may be underwritten on such terms as maybe determined by the directors, subject to obtaining the approvals of the relevant regulatory authorities.

 

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