The periods below, which reflect the Issuer and Issuing Houses’ expectation of principal events for the Offer, are subject to change without notice.
Business Days Application List Opens and Closes
Houses 20 Business Days Collation of Returns and Reconciliation Exercise
Agents, Registrar to the
Business Day Submission of documentary evidence of subscriptions and payment with CBN for the Capital Verification Exercise
1 Business Day Submission of Basis of Allotment Proposal and draft Allotment Announcement with SEC
Issuing House 10 Business Days Review of the Basis of Allotment Proposal
1 Business Day Obtain SEC’s “no-objection” to the Basis of Allotment Lead Issuing House
Allotment Date + 1 Business Day Transfer of net Offer proceeds to the Issuer Receiving Banks
Allotment Date + 1 Business Day Publication of Allotment Announcement Lead Issuing House
Allotment Date + 5 Business Days Payment of Return Application Monies Registrar to the Offer
Allotment Date + 5 Business Days Credit CSCS Accounts with Dematerialised Offer Shares Registrar to the Offer
Allotment Date + 5 Business Days Listing and Admission Stockbrokers to the Offer 1 Business Day Commencement of trading of the Offer Shares Stockbrokers