N63bn rights issue: Unilever to seek shareholders' approval

Unilever Nigeria Plc said yesterday that it will seek shareholders, approval next month to raise N63 billion ($200 million) through a rights issue. According to Reuters News, the household products maker also said it would seek approval to increase its authorised share capital to N5 billion by creating an additional 3.95 billion new ordinary shares of 0.50 naira each. The local unit of Unilever plans to seek a vote at a shareholder meeting on May 11, it said in a notice, adding that it would also ask for approval to...The post N63bn rights issue: Unilever to seek shareholders' approval appeared first on New Telegraph Newspapers.
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