The AGM of Haldane McCall Plc held the previous week on Wednesday, May 14. Shareholders approved the plan by the Board of Directors to raise new equity and debt capital to boost capital base and fund expansion. Specifically, approval was given for the Share Capital of the Company be increased by the additions of 2,627,310,000 ordinary shares of 50 kobo each and also the raising of capital through a Rights Issue while the directors are to determine the size and price of the Rights Issue. Also, the plan included N250 billion debt issuance. to be undertaken in tranches to fund the group’s expansion programme
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