C & I Leasing Plc Proposes a Bonus Issue of 2 for 3 Ordinary Shares to Shareholders 

C & I Leasing Plc has put forward a proposal to issue bonus shares, presenting a two-for-three offer for every existing three ordinary shares held. This issuance will be granted to shareholders listed in the Register of Members as of the market close on Thursday, January 4, 2024.

The disclosure was communicated to the Nigerian Exchange Limited (NGX) and the investment community, as reported by Nairametrics.

The process includes the closure of the shareholder register starting from Friday, January 5, 2024, with the qualification date set on Thursday, January 4, 2024.

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The Company Secretary, as per the statement signed by Mbanugo Udenze & Co., has encouraged shareholders who haven’t completed the e-dividend registration to access the Registrar’s E-Dividend Mandate Activation Form, available on the Registrar’s website.

It’s worth noting that the FMDQ Exchange had previously approved the registration of C & I Leasing Plc’s N50.00 billion Commercial Paper (CP) Programme on its platform.

C & I Leasing PLC is a diversified conglomerate specializing in leasing and business services, providing support services to both indigenous and multinational organizations in West Africa. Their operations cover three primary sectors: Fleet Management, Personnel Outsourcing, and Marine Service.

The registration of this CP Programme, supported by Cordros Capital Limited (the Lead Sponsor) and Kairos Capital Limited, both registration members of the Exchange, positions the issuer to access short-term finance from the Nigerian debt markets as required during the CP Programme’s validity, through CP issuances within the prescribed limit.”