ABC Transport PLC Plans ₦6.5bn Rights Issue and Bond

ABC Transport Plc (ABCTRANS) filed a corporate action notice dated 21 October 2026, disclosing the outcome of a Board of Directors meeting held on Saturday, 17 October 2026. At that meeting, the board approved a resolution for the company to raise additional capital of ₦6.5 billion through a combination of a rights issue and bond issuance. The resolution remains subject to approval by shareholders at the company's Annual General Meeting.

The filing also addresses the company's closed period status. The closed period, which restricts directors and other insiders from trading in the company's securities, will remain in effect and is set to end twenty-four hours after the publication of the Unaudited Financial Statements for the period ended 30 September 2026, the 2026 third-quarter unaudited financial statements, to the Exchange and the public. The notice was signed by Onye C. Chigbo, Esq., in the capacity of Company Secretary.