Minority Shareholders Back UBA’s Bold ₦239bn Rights Issue
United Bank for Africa Plc (UBA) is currently in the spotlight as minority shareholders rally in support of the bank’s ongoing ₦239.4 billion rights issue. This initiative, launched on November 15, offers 6.84 billion ordinary shares at ₦35 per share to existing shareholders, pre-allotted at a ratio of 1 new share for every 5 held as of November 5, 2024. The subscription window closes on December 24, 2024.
Why Shareholders Are Excited
Long-term value creation: Shareholders emphasize UBA’s track record of rewarding investors with consistent dividends and capital gains.
Strong institutional reputation: The bank’s focus on shareholders’ interests and transparent decision-making has earned widespread trust.
Growth potential: UBA’s history of expansion, stable leadership, and impressive interim dividends — like the record-setting ₦2 per share for H1 2024 — underscore its solid fundamentals.
Key Endorsements ️
• Sunny Nwosu (Founder, Independent Shareholders Association of Nigeria):
“UBA is a bank one can trust. Its dividend history speaks volumes. Shareholders should seize this opportunity!”
• Adeleke Adebayo (Shareholder Activist):
“This rights issue is well-structured. UBA has witnessed legendary growth, and I strongly advise others to participate.”
• Dr. Faruk Umar (Association for Advancement of Rights of Nigerian Shareholders):
“UBA’s decision reflects trust in its shareholders. With strong management and subsidiaries performing excellently, this is a golden opportunity.”
• Mrs. Bisi Bakare (Pragmatic Shareholders Association of Nigeria):
“UBA has consistently rewarded investors for two decades. This offer aligns perfectly with its legacy of shareholder value creation.”
What’s Next?
With the rights issue gaining significant traction, analysts expect UBA’s share price to rise post-offer, reflecting its solid fundamentals and market confidence. Shareholders are mobilizing to fully subscribe, encouraged by UBA’s proven performance.
UBA Subsidiaries Spotlight:
• Transcorp Hotels
• United Capital
• Transcorp Energy
• African Prudential
Take Action
Don’t miss out! Whether you’re an existing shareholder or considering joining the UBA family, this is your chance to be part of a financial powerhouse.
Stay tuned for more updates!
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