We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Atlas Mara Limited | LSE:ATMA | London | Ordinary Share | VGG0697K1066 | ORD NPV (DI) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.073 | 0.073 | 0.08 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMATMA
RNS Number : 8499B
ATLAS Mara Limited
15 January 2018
15 January 2018
Atlas Mara Increases Stake in Union Bank of Nigeria to 48.0%
Atlas Mara Limited ("Atlas Mara" or the "Company") announces that, following completion of the previously announced rights offering in Union Bank of Nigeria ("UBN"), Atlas Mara's aggregate direct and indirect shareholding in UBN has increased from 44.5% to 48.0%. UBN completed a 49.7 billion Naira (approximately USD$163 million) rights offering on the Nigerian Stock Exchange at a price of 4.10 Naira per share. Atlas Mara fully subscribed to the rights related to its pre-existing 44.5% shareholding, and acquired through the rights issue, additional shares representing a 3.5% shareholding, at a combined cost of $75 million.
Bob Diamond, Chairman of the Board of Atlas Mara said: "We are very pleased to have increased our stake in UBN at a time when leading indicators for Nigeria's macroeconomic performance continue to show improvement. We remain tremendously excited about the prospects for UBN and committed to building a premier financial services platform in Africa."
Contact Details
Investors
Kojo Dufu, +1 212 883 4330
Media
Teneo Blue Rubicon, +44 (20) 7260 2700
Anthony Silverman
About Atlas Mara
Atlas Mara Limited (LON: ATMA) is a financial services institution listed on the London Stock Exchange. Its vision is to create sub-Saharan Africa's premier financial services institution through organic and inorganic growth by combining the best of global institutional knowledge with extensive local insights. With a presence in seven sub-Saharan Africa countries, Atlas Mara aims to be a positive disruptive force in the markets in which we operate by leveraging technology to provide innovative and differentiated product offerings, excellent customer service and accelerate financial inclusion in the countries in which the Company operates. For more information, visit www.atlasmara.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
STRLIFEDLRIELIT
(END) Dow Jones Newswires
January 15, 2018 02:57 ET (07:57 GMT)
1 Year Atlas Mara Chart |
1 Month Atlas Mara Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions