[XNSA]>> EXTENSION FOR TRADING IN RIGHTS ISSUE | InfoWARE Finance
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[XNSA]>> EXTENSION FOR TRADING IN RIGHTS ISSUE
(Source: NSE, Date: 22-Dec-2025)
MARKET BULLETIN 16 December 2025 NGXREG/IRD/MB101/25/12/16 The Initiates Plc: Extension for Trading in Rights Issue We refer to our market bulletin of 01 August 2025 with reference number: NGXREG/IRD/MB56/25/08/01 wherein the market was 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 on the basis of one (1) new ordinary share for every existing five (5) ordinary shares held as at the close of business on Friday, 01 August 2025 opened on Wednesday, 5 November 2025. Trading Licence Holders are hereby notified that The Initiates Plc (the Company) has obtained the approval of the Securities and Exchange Commission (SEC) to extend the period of the Rights Issue. Consequently, trading in the Company?s Rights will now close on Monday, 12 January 2026. 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 Rights Issue Price N7.00 Symbol Code RR25TIP ISIN NGRR25TIP009 Ratio one (1) new share for every five (5) ordinary shares held Opening date 05 November 2025 Initial closing date 12 December 2025 New Closing Date 12 January 2026 Registrar Apel Capital Registrar Limited This is for your information please. Godstime Iwenekhai Head, Issuer Regulation Department
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