Malawi Stock Exchange

Malawi's Global Portal
  • BHL
  • 25.00
  • 0.00 % 
  • FMB
  • 25.00
  • 0.00 % 
  • ILLOVO
  • 218.00
  • 0.00 % 
  • MPICO
  • 9.11
  • 0.00 % 
  • NBM
  • 270.00
  • 0.00 % 
  • NBS
  • 6.50
  • 0.00 % 
  • NICO
  • 26.00
  • 0.00 % 
  • NITL
  • 60.00
  • 0.00 % 
  • OML
  • 1850.00
  • 0.00 % 
  • PCL
  • 570.00
  • 0.00 % 
  • STANDARD
  • 624.93
  • 0.00 % 
  • SUNBIRD
  • 64.00
  • 0.00 % 
  • TNM
  • 15.00
  • 0.47 % 

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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