Business

Jaiz Bank seeks approval and listing of N5.4 billion shares

Jaiz Bank Plc has submitted an application to Nigerian Exchange Limited for the approval and listing of a Rights Issue of 5.4 billion ordinary shares of N0.50 each at N1.00 per share.


This was contained in the NGX weekly report obtained by Nairametics


According to the statement, trading License Holders were notified that Jaiz Bank Plc has through its Joint Stockbrokers, Finmal Finance Services Limited and Kundila Finance Services Limited, submitted an application to Nigerian Exchange Limited for the approval and listing of a Rights Issue of Five Billion, Four Hundred and Eight Million, Three Hundred and Fifty-Six Thousand, Five Hundred and Thirty-Six (5,408,356,536) ordinary shares of N0.50 each at N1.00 per share.