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Access Bank Plc Announces Divestment from Stanbic IBTC Pensions Managers Ltd


Friday, February 10 2017/ 12.43 PM /NSE

Following the Central Bank of Nigeria’s (CBN) directive to Access Bank Plc to divest from Stanbic IBTC Pensions Managers Ltd (SIPML) in compliance with with the CBN's Regulation on the scope of Banking Activities and Ancillary Matters, No. 3 2010 (the Regulation), the Board of Directors of the Bank is pleased to announce that it has received all regulatory approvals for the sale of the Bank's 17.65% equity shareholding in SIPML to the Company's majority shareholder - Stanbic IBTC Holdings Plc.

further to the provision of Rule 17 of the NSE RuleBook 2015 and Rule 187 of the Rules & Regulations of the Securities & Exchange Commission (SEC) 2013 which require the disclosure of material non-public information to the NSE, we hereby notify the NSE of this transaction in view of the possible material effect it may have on the value of Access Bank Plc's securities listed on the NSE.

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