Issuer
Boston Capital Investments Limited ("BCI"/"the Company")
Authorized Capital
250,000,000 Ordinary shares of N1.00 each
Now offering
by Private Placement
143,582,559 Ordinary Shares of N1.00 each
Method of Offer
Offer Subscription by Private Placement
Purpose This offer is a strategic initiative undertaken by the
company to enable it optimize its potential growth prospects.
The net proceeds of N168,924,000 after deducting estimated offer expenses on N2,572,000 representing 1.5% of the total proceeds will be used as follows:
Working Capital 160,479,000 93.5%
Information Technology 1,689,000 1%
Advert & Publicity 1,689,000 1%
Human Capital Development 1,689,000 1%
Fixed Assets 3,378,000 2%
Offer Price
New Subscribers @ N1.25 Per Share 1 for 2 Rights Issue for Existing Shareholders @ N1.10 Per Share
Payment
Payable in full on Application
Minimum Subscription
Application must be for a minimum of 200,000 Ordinary shares of N1.00 each and in multiples of 20,000 ordinary shares thereafter.
Opening Date
Monday, 01 September, 2008
Closing Date
Thursday, 30 October, 2008
Allotment Allotment would be done at the sole discretion of
the Directors of the Company and may be on a “first
come, first serve” basis. |