Portland Paints and Products Nigeria Plc has through its Stockbroker, Stanbic IBTC Stockbrokers Limited, submitted an application to The Exchange for approval and listing of a Rights Issue of 600,000,000 Ordinary Shares of 50 Kobo each at N3.30 per share on the basis of 3 new Ordinary Shares for every 2 Ordinary Shares held.

The Qualification Date for the Rights Issue is Tuesday, 9th February, 2016.