AIR LIQUIDE NIGERIA PLC is undertaking a rights issue to pay down its debt obligations,finance capital expenditures and working capital requirements.

Find details of the offer below:

Issuing House:               Stanbic IBTC Capital Limited

Now being issued:         414,000,000 Ordinary Shares of N0.50 at N5.00 per share

Method of Offer:           By way of Rights Issue to existing shareholders

Issue Price:                   N5.00 per share

Payment:                      In full on acceptance

Opening Date:               04 November 2019

Closing Date:                 29 November 2019

Provisional Allotment:    23 new Ordinary shares for every 10 Ordinary shares of N0.50 each held as at the close of business on 15 October 2019