Access Holdings yesterday commenced rights issue offer of 17.7 billion ordinary shares of 50 kobo each at N19.75 per share totalling N351 billion to its shareholders.
Speaking at the completion board meeting and signing ceremony yesterday, Chairman Access Holdings, Aigboje Aig-Imoukhuede, said that the rights offer is to ensure no shareholder is left behind in the company’s capital raising exercise.
“We felt that it was very necessary that all shareholders be carried along in the capital exercise and to benefit from long term value opportunities in the Access brand.” He said: “The proceeds will be used to support our very, very noble intentions to fly the Access Bank flag across Nigeria and beyond Nigeria. The capital will be deployed in line with our formidable expansion program.
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