The Security and Exchange Commission (SEC) has given approval for the extension of the acceptance period for the ongoing Access Holdings Plc Right Issue.
Initially set to close on August 14, 2024, the capital market apex regulator has approved the period ten days extension of the exercise to August 23, 2024.
The statement, signed by the Group’s Company Secretary, Sunday Ekwochi, confirmed that, “The decision is in response to the recent nationwide protest 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, dealings by 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.”
For further inquiries or additional information regarding the Rights Issue, shareholders and prospective investors are encouraged to contact Access Holdings’ Investor Relations team at Investor.Relations@theaccesscorporation.com.
It be recalled that Access Holdings on Monday July 8 opened for subscription N351 billion capital raising through a rights issue.
The lender said that it’s now focused on positioning itself among the top financial institutions in Africa.
“A subset of the group’s capital raising programme aiming to generate up to US$1.5 billion, the Rights Issue is designed to strengthen the Group’s financial footing and support ongoing working capital needs, including organic growth funding for its banking and non-banking subsidiaries.”
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