UBA rights issue 2025 deadline extended to September 19 to give shareholders more time to subscribe as bank seeks over ₦157bn

UBA rights issue 2025 has been granted a two-week extension, with the new acceptance deadline now set for Friday, September 19, 2025, according to an official statement released by United Bank for Africa Plc.

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The extension was approved by the Securities and Exchange Commission (SEC) and aims to give shareholders additional time to take part in the offer, which seeks to raise over ₦157 billion.

“This extension is aimed at providing shareholders with additional time to fully exercise their rights and participate in the Rights Issue,” the bank stated in a notice to the Nigerian Exchange Limited (NGX) and the investing public.

UBA is offering a rights issue of 3,156,869,665 ordinary shares of 50 kobo each, priced at ₦50.00 per share, through its stockbrokers United Capital Securities Limited.

The offer was initially set to close on September 5, 2025, but will now remain open until September 19, 2025 following regulatory approval.

The bank reaffirmed its commitment to inclusive shareholder participation and transparent communication throughout the process.

“UBA remains committed to ensuring that all shareholders are adequately carried along in the process and can maximise the benefits of the rights issue,” the bank added.

Shareholders or stakeholders with questions are encouraged to reach out to the bank’s Investor Relations team for more information.

The capital raise forms part of UBA’s broader strategy to strengthen its capital base, improve liquidity, and maintain resilience amid evolving regulatory and economic conditions.

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With over ₦157 billion targeted, this rights issue is one of the largest capital market moves in Nigeria for 2025, and the extended timeline could enhance uptake and investor confidence.