UBA Extends Rights Issue to Sept 19, 2025 - Benefit Shareholders

United Bank Africa (UBA) Plc has extended its ongoing rights issue to September 19, 2025, aiming to benefit shareholders. The extension, approved by the Securities and Exchange Commission (SEC), allows shareholders more time to participate in the N400 billion Equity Shelf Programme.

The bank's second equity issuance offers one new share for every 13 ordinary shares at 50 kobo per share. UBA's first equity issuance closed in December 2024 with a 100% subscription level.

The bank is committed to ensuring shareholders are fully engaged in the process to maximize their benefits.