UACN Property Development Company Plc. (UPDC) has submitted an application to The Nigerian Stock Exchange for the approval and listing of a Rights Issue of 1,718,750,000 Ordinary Shares of 50 kobo each at N3.00 per share on the basis of 1 new Ordinary Share for every 1 Ordinary Share held.

The Qualification Date for the Rights Issue is today, Thursday 19th January, 2017.