By Seun Ibiyemi
United Bank for Africa Plc (UBA) has announced the extension of its ongoing Rights Issue acceptance and application period by two weeks.
In a statement signed by the Group Company Secretary/Legal Counsel, Bili A. Odum, the bank disclosed that the offer, 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).
According to the Bank, the extension is aimed at giving shareholders additional time to fully exercise their rights and participate in the capital-raising exercise.
“UBA remains committed to ensuring that all shareholders are adequately carried along in the process and can maximise the benefits of the Rights Issue,” the statement read.
The bank also urged shareholders and stakeholders to contact its Investor Relations team for further information or inquiries.