Press Release - Cadbury Nigeria Commences Rights Issue Process
Category: Investors NewsBeat
CADBURY NIGERIA COMMENCES RIGHTS ISSUE PROCESS
Following shareholder approval at the Annual General Meeting held on 4th June 2009, Cadbury Nigeria plc confirms that it has commenced the process of the rights offer to existing shareholders.
In this respect, the draft rights issue circular and other relevant documentation has been lodged with the regulatory authorities for approval. Consequently, a technical suspension has been placed on trading of the Company’s shares, in accordance with capital market rules.
As this application is subject to approval by the appropriate authorities, the Company will not be in a position to make available any further information on the offer within this intervening period.