UBA extends Rights Issue deadline by two weeks

United Bank for Africa (UBA) Plc has announced a two-week extension of its ongoing Rights Issue application period, giving shareholders more time to participate in the offer.

In a notice to the Nigerian Exchange and the investing public, the bank disclosed that the Rights Issue, 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).

UBA explained that the extension was granted to enable shareholders fully exercise their rights and take advantage of the offer.

“The extension is to provide shareholders with additional time to participate in the Rights Issue and maximise its benefits,” the bank stated, reaffirming its commitment to ensuring that all shareholders are adequately carried along in the process.