Proposed Rights Issue by Flour Mills of Nigeria Plc (or the Company) of 1,093,438,828 Ordinary Shares of 50 kobo each at N27.50 per share (the Issue)

Dealing Members are hereby notified that Flour Mills of Nigeria Plc (Flour Mills or the Company) has through its stockbroker; Stanbic IBTC Stockbrokers Ltd submitted an application to The Exchange for approval and listing of a Rights Issue of 1,093,438,828 Ordinary Shares of 50k each at N27.50 per share on the basis of 5 new ordinary shares for every 12 ordinary shares held.

The Qualification Date for this Rights Issue is 12 August 2015.

Source : NSE