Thursday, March 05, 2015 9.43/CardinalStone Research
Access Bank Plc ("ACCESS") has extended its offer on the Rights Issue to Wednesday, March 18, 2015 as opposed to the initial date of Wednesday, March 4, 2015.
Management requested for an extension of the offer period to avail shareholders more time to take up their rights considering the prevailing economic and political situation. An application was therefore directed to the Securities & Exchange Commission to postpone the closing date of the acceptance list and this has been approved accordingly.
The Rights Issue is available for participation on the basis of one (1) new ordinary share for every three (3) ordinary shares held by shareholders on the qualification date (Thursday, 23 October, 2014), at an issue price of N6.90 per share.
1. ACCESS records a breakout extends reversal trend on growing demand