ARM Life Plc, one of APR Plc’s client companies has opened a Rights Issue of 1,928,557,600 Ordinary Shares of 50 Kobo each at N0.51k per share on the basis of One (1) new Ordinary Share for every Three (3) Ordinary Shares of 50 Kobo each held as at the close of business on 25 February, 2016.
The Rights Issue opened on Monday June 27, 2016 and will be closing on Friday July 8, 2016. Mr. Krishnan Balamurli, Acting Managing Director of the company has encouraged all eligible shareholders to take advantage of the unique investment opportunity by taking up their Rights. He also explained that Rights being offered are tradable on the NASD OTC Securities Exchange for the duration of the issue.
The Rights Circular for this Rights Issue is available on this website. Click here to download