Malawi Stock Exchange

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  • BHL
  • 20.25
  • 0.00 % 
  • FMB
  • 18.51
  • 0.00 % 
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  • 216.15
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  • 8.00
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  • 12.08
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  • 570.00
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  • 64.00
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  • 9.33
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NBS BANK PLC FIRST ANNOUNCEMENT OF THE RIGHTS ISSUE

NBS Bank is announcing that it is proposing to raise approximately K11.8 billion by way of a fully underwritten renounceable Rights Issue of 2,182,930,017 new ordinary shares (the “Rights Shares”) at K5.40 per share (the “Issue Price”) on the basis of 3 new ordinary shares for every 1 existing ordinary share. The Issue Price represents a 10% discount on the volume weighted average price of K6 per share traded on the Malawi Stock Exchange (the “MSE”) over a period of 90 days immediately prior to 9 May 2017.

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