JUNE 15, 2017: CORPORATE NEWS FROM NIGERIA AND KENYA

NIGERIA:

UBA FIRST EUROBOND OVERSUBSCRIBED

According to UBA company secretary, Bili A Odum, the $500m global euro bond offered by UBA PLC was oversubscribed by 240%.

In a notice to the exchange this week, he said the debut 5 year senior unsecured benchmark bond is listed on the Irish stock exchange.

It was issued globally at 7.75% coupon Tate and will be redeemed by June 2022.

Investors worldwide expressed in interest. He said, adding they came from the United kingdom, Europe, Asia,  Middle East and the United States

The dollar denominated offering, says UBA group CEO, Kennedy Uzoka, "further illustrates investor confidence in the strong fundamentals of UBA group".

On his part, group chief finance officer, Ugo Nwaghodoh said the " debut ...offering is another milestone for us. It is timely in the group's growth phase and aligns with our strategic plan.."

SKYE BANK TO FILE 2016 REPORT THIS QUARTER.

The annual financial report of Skye Bank PLC, which has been in the works beyond time required by NSE rules, will be filed before the end of this quarter.

According to company secretary Babatunde Osibodu, the challenges which caused the delay have been surmounted and "the audited financial statement for 2016 is currently awaiting the final approval.." of the Central Bank of Nigeria.

Skye bank is hopeful, he added, " that the 2016 AFS would be approved and filed at the Nigerian stock exchange before the end of the current quarter"

HONEYWELL FLOUR DIRECTOR RESIGNS

A director of Honeywell Flour PLC, Mrs useye Sandey has resigned from the board.

According to the company secretary, Oluwayemisi Bwari, she resigned effective April 28, in order to pursue her personal goals.

However, the resignation is to be tabled and most likely accepted at the next quarterly meeting of the board billed for this month.

KENYA:

ATLAS AFRICAN INDUSTRIES' UPDATE CALL.

Shareholders of Atlas African Industries ltd will have a chance later this month to phone in and ask any question about the company.

The shareholder update call will be organised on June 20 after the annual general meeting.

Through it those with left over issues from the AGM and those who could attend for whatever reason can phone in and be updated.

However, shareholders must register their intention by tomorrow June 16, through email or c/o I&M Burbridge capital Ltd Nairobi.

For more information, shareholders can call Carl Esprey on +44(0)2074089200 or Edward Burbridge I&M on +254(0)202100102.

On the update itself, the numbers to call are +44(0)2030032701 or UK toll free 08081090701.

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