FMN-Rights-Issue-Website-820x300 (1)
FMN Rights Issue

Flour Mills of Nigeria PLC has now received clearance of the issue documents from the Securities and Exchange Commission and The Nigerian Stock Exchange to proceed with Series 1 of the Rights Issue Programme. This Programme enables the Company to raise funds in several tranches over a three-year period. The Rights Issue is being undertaken as part of the long-term plan to strategically position FMN for sustainable growth.

The Company now intends to raise N39,855,845,286.00 by way of rights to existing shareholders, on the basis of 9 new shares for every 16 shares held by shareholders, whose names appeared in the register of members of the Company as at 08 December 2017 at an issue price of N27.00 per share. The Issue price of N27.00 represents a discount of 23% to the Company’s closing
share price on the date of announcement.

Please read the Rights Circular and where in doubt, consult your Stockbroker,
Fund/Portfolio Manager, Accountant, Banker, Solicitor, or any other
professional adviser for guidance before subscribing.

 

ACCEPTANCE LIST OPENS – 15 JANUARY 2018

ACCEPTANCE LIST CLOSES – 21 FEBRUARY 2018

Download rights circular FAQs

Media Download acceptance form Download Programme Document


Leading Issuing House                

Stanbic IBTC Capital

Joint Issuing Houses
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Feeding the Nation