The Securities and Exchange Commission (SEC) has granted Access Holdings Plc a 10-day extension on its N351 billion rights issue.
The Company Secretary, Access Holdings, Mr. Sunday Ekwochi in a signed statement, on Tuesday revealed that the period of the acceptance list for its rights issues that opened on July, 8 2024, to close on August 14, 2024, was extended to August 23, 2024, following the approval of the Commission.
The pan-African financial institution is seeking existing shareholders support to raise 17,772,612,811 ordinary shares of N0.50 each at a price of N19.75 per share through a rights issue offers
The offer would be issued on the basis of one new ordinary share for every two existing ordinary shares held as of Friday, June 7, 2024.
This marked a significant milestone in the Group’s previously announced Capital Raising Programme, which aims to generate up to $1.5 billion.
According to Ekwochi, the decision to extend the offer was in response to recent nationwide protests that disrupted operations of businesses and individuals across Nigeria and to provide shareholders with ample opportunity to subscribe to their rights.
“During the extended period of the issue, dealing by the company’s insides on the Company’s insiders on the company’s shares will continue to be strictly limited to participation in the rights issue as earlier approved by the Exchange in respect of the non-dealing period on the company’s audited interim financial statements for the period ended June 30, 2024, until 24 hours after the publication of the interim financial statements,” the statement added.
At a recent signing ceremony, Acting Managing Director/Chief Executive Officer of Access Holdings, Bolaji Agbede in a statement had disclosed that, “The rights issue is a significant step in delivering our 2023-2027 strategic plan. The additional capital will enable us to maximise emerging opportunities and deliver long-term value to our shareholders.”
The stock price of Access Holdings closed August 13, 2024 at N19.30 per share.
Kayode Tokede
Follow us on:
https://cdn.veri.app/13646108-d5ec-478b-a54c-b01f60dbca29.mp4 President Bola Ahmed Tinubu On Thursday directed Vice President, Kashim Shettima to lead Nigeria’s…
The United Sates (US) Vice President Kamala Harris has expressed her willingness to use her…
Gabriella Uwadiegwu says cultural and societal barriers hinder women's tech careers, citing biases and limited…
Brazil has fined Elon Musk’s companies, X (formerly Twitter) and Starlink, after users in the…
The European Union has pledged to provide Ukraine with a substantial loan of up to…
President of Zimbabwe Dr. E.D. Mnangagwa will not be attending this year’s United Nations General…
View Comments
AT CHEAPER AFFORDABLE PRICE.OFFICER IN-CHARGE O8O__6739__9O9O
** bag of cement #5,000
*Bags of rice for sales in cheaper and affordable price #26,000 delivery per bag #3,500
**Clothes for bees 50kg for #45,000, 100kg for #90,000 and 150kg for #160,000
The replacement form is also available now is going on for interested candidate should contact the officer on (O8O__6739__9O9O )
*SOME AVAILABLE TOKUNBO VEHICLES*
Golf 2,3,4 ₦550,000 - ₦700,000
Toyota Camry 2.2 Tiny-Light ₦950,000
Toyota Camry Big-Daddy ₦950,000
Toyota Camry Muscle ₦970,000
Toyota Camry Spider ₦990,000
Toyota Avelon ₦950,000
Toyota Avensis ₦950,000
Toyota Corolla ₦950,000
Toyota Yaris ₦850,000
Toyota Matrix ₦900,000
Toyota Picnic ₦800,000
Toyota Sienna ₦970,000
Toyota Venza ₦2.6 million naira
Toyota Rav4 ₦3, million naira
Toyota 4Runner ₦2.7 million naira
Toyota Hiace-Bus ₦3.6 million naira
Toyota Highlander ₦4 million naira
Toyota Land Cruiser ₦2.5 million naira
Toyota Tundra ₦2.7 million naira
Toyota Prado ₦3.2 million naira
Mercedes-Benz C-Class ₦2.6 million naira
Mercedes-Benz E-Class ₦3.5 million naira
Mercedes-Benz G-Class ₦3 million naira
Mercedes-Benz GLK ₦4.2 million naira
Mercedes Benz ML350 ₦4.6 million naira
Nissan Altima ₦850,000
Nissan Armada ₦950,000
Nissan Maxima N970,000
Nissan Murano ₦980,000
Nissan Primera ₦940,000
Nissan Pathfinder ₦1.6 million
Honda Accord ₦2.8 million naira
Lexus Rx330 ₦980,000
Lexus Rx350 ₦1.7 million naira
Lexus Rx400 ₦2.9 million naira
Lexus Gx470 ₦4 million naira
TIPPER AND TRUCKS also available for sales
NOTE : you are allowed to pay for the custom duties and clearance before the delivery take place