Circular to Shareholders- Rights Issue
Filed with CSE · · 13 pages · English
Summary by 6ix AI
Lankem Developments PLC has issued a circular to shareholders regarding a rights issue of shares, proposing to issue new ordinary shares at a specified price to existing shareholders in a defined ratio. The purpose of the rights issue is to raise funds for settling related party dues, investing in a subsidiary, and covering future working capital requirements. The company expects the rights issue to be fully subscribed and has provided a timeline for the utilization of the raised funds.
Written by 6ix AI from the company’s filing. How 6ix writes summaries
Lankem Developments PLC on 6ix
Earlier from Lankem Developments
- Reconstitution of Board Subcommittee
- Board committees
- Annual General Meeting 2024 - Circular to Shareholders
- Disclosure in accordance with Rule 36 of Company Take-over and Mergers Code 1995, as amended in 2003
- Annual General Meeting 2023 - Circular to Shareholders
Later from Lankem Developments
- Lankem Developments PLC (“THE COMPANY”) – RIGHTS ISSUE 2025
- Annual General Meeting - 2025
- Circular to shareholders- declaration of beneficial ownership of shares held in the company
- Annual General Meeting- 2026
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