Diamond Bank Shareholders: How To Process N1 Cash Payment Arising From Scheme of Merger


Thursday, April 04, 2019    / 12:37PM / By TheAnalyst 


The scheme of merger states that Diamond bank shareholders will receive =N=1.00  per share in the form of cash and 2 units of Access bank shares for every 7 units of Diamond bank in share payment.

The payment breakdown is:

·         Cash payment: =N=1.00 for every share

·         Share Payment: Two (2) Access bank shares in exchange of seven (7) Diamond bank shares.

To process the N1.00 cash payment, Diamond bank shareholders are required to accurately fill the 
update form (below) and forward to their respective stockbroker or financial advisor for submission.


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