SEC approves Access Holdings' N351bn capital raising programme

Access Holdings Plc says the Securities and Exchange Commission (SEC) has approved the commencement of its N351 billion rights issue capital raising programme.

Access Holdings Plc says the Securities and Exchange Commission has approved the commencement of its N351 billion rights issue capital raising programme.utilise the N351 billion raised through rights issue to fund banking and fintech businesses.

According to the statement, the rights issue was strategically structured to boost Access Holdings’ financial position and support ongoing working capital needs.The financial institution said the programme would also provide funding for organic growth across its banking and non-banking subsidiaries.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

thecableng /  🏆 2. in NG

Nigeria Latest News, Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Access Holdings commences N351bn ordinary shares offer to shareholdersAccess 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.
Read more »

Access Holdings to raise N351bn to fund banking, fintech businessesAigboje Aig-Imoukhuede, the chairman of Access Holdings Plc, says the company will utilise the N351 billion raised through rights issue to fund banking and fintech businesses.
Read more »

Access Holdings’ N351bn Rights Issue opens for subscriptionAccess Holdings Plc (‘the Group’), one of Africa’s leading financial services groups, has announced the commencement of its N351 billion Rights Issue (‘the Offer’).
Read more »

Access Holdings: A journey of impact -- transforming lives and building brighter futureNigeria's independent online newspaper
Read more »

Access Holdings eyes N351 billion from rights issueAccess Holdings Plc, on Tuesday, signed an agreement to raise a total of N351 billion by way of rights issue to existing shareholders.
Read more »

Access Holdings set to launch N351b rights issueThe Nation Newspaper Access Holdings set to launch N351b rights issue
Read more »