United Bank for Africa (UBA) Plc has announced a two-week extension of its ongoing Rights Issue application period, giving shareholders more time to take part in the offer.
In a notice to the Nigerian Exchange Limited (NGX) and the investing public, the bank disclosed that the Rights Issue, which was initially scheduled to close on Friday, September 5, 2025, will now close on Friday, September 19, 2025, following approval from the Securities and Exchange Commission (SEC).
UBA explained that the extension was to ensure shareholders fully exercise their rights and benefit from the offer.
“The extension is to provide shareholders with additional time to participate in the Rights Issue and maximise its benefits,” the bank stated.
The financial institution reaffirmed its commitment to carrying all shareholders along in the process.
