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N148.71bn right issue: Stanbic IBTC to allocate 96% to banking subsidiary

Stanbic IBTC Holdings Plc has said that 96.3 per cent of its N148.71 billion rights issue proceeds will be allocated to its banking subsidiary. The rights issue comprises 2,944,772,083 ordinary shares priced at N50.50 per share, offered on the basis of five new ordinary shares for every 22 ordinary shares held. Speaking at the Company’s […]

N148.71bn right issue: Stanbic IBTC to allocate 96% to banking subsidiary
Tribune Online