[XNSA]>> ACTIVATION OF CODE FOR TRADING IN RIGHTS | InfoWARE Finance
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[XNSA]>> ACTIVATION OF CODE FOR TRADING IN RIGHTS
(Source: NSE, Date: 07-Nov-2025)
MARKET BULLETIN 7 November 2025 NGXREG/IRD/MB87/25/11/7 The Initiates Plc: Activation of Code for Trading in Rights Trading Licence Holders are hereby notified that trading in The Initiates Plc?s Rights Issue of 177,996,310 ordinary shares of 50 Kobo each at N7.00 per share in the ratio of one (1) new ordinary share for every existing five (5) ordinary shares held as at the close of business on Friday, 1 August 2025, opened on Wednesday, 5 November 2025. Below are details of the Rights: Issuer The Initiates Plc Name THE INITIATES PLC 2025 RIGHTS Quantum offered 177,996,310 ordinary shares of 50 Kobo Right Issue Price N7.00 Symbol Code RR25TIP ISIN NGRR25TIP009 Ratio One (1) new share for every existing five (5) ordinary shares held Opening date 05 November 2025 Closing date 12 December 2025 Registrars Apel Capital Registrars Limited This is for your information please. Godstime Iwenekhai Head, Issuer Regulation Department
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