RSS   Newsletter   Contact   Advertise with us
Post Online Media

Unilever Nigeria to seek approval for $200m share sale

Africa   3.95 billion new ordinary shares

Unilever Nigeria said it will seek shareholder approval next month to raise 63 billion naira ($200 million) through a rights issue.

The household products maker also said it would seek approval to increase its authorised share capital to 5 billion naira 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 convert shareholder loans to stock as part of the share sale.


What to read next

POST Online Media does not use cookies to collect information about visitors.   OK, hide this message   Third party ads may be using cookies, you can see how here.