Capital

REDSTAREX Applies for NSE for Approval, Listing of Rights Issue

August 21, 2019/NSE

Red Star Express Plc has through its Stockbroker, APT Securities and Funds Limited, has submitted an application to The Nigerian Stock Exchange for the approval and listing of a Rights Issue of Two Hundred and Ninety Four Million, Seven Hundred and Forty Eight Thousand, Three Hundred and Eighty (294,748,380) ordinary shares of Fifty Kobo (N0.50) each at Four Naira Fifty Kobo (N4.50) per share, on the basis of one (1) new share for every two (2) ordinary shares held.

The Qualification Date for the Rights Issue is today Wednesday, 21 August 2019

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