Stock & Analyst Updates | |
Stock & Analyst Updates | |
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Thursday, September 28, 2017 / 11:45 AM /NSE
On
April 18, 2017, Ecobank Transnational Incorporated announced its proposed
Convertible Bond issue of up to US$400 million. Further to the announcement and
the shareholders’ approval at the Extra-Ordinary General Meeting held on June
16 2017, ETI wishes to provide the following update;
Transaction
Advisers have been appointed to advise on the completion of the structure and
terms of the convertible bond in line with the approval given by Shareholders.
The transaction is expected to be completed before end of 2017;
Subject
to the necessary legal and regulatory authorisations, the Convertible Bond will
be listed on the International Securities Market (ISM) of the London Stock
Exchange by end of 2017;
Subject
to the necessary legal and regulatory authorisations, the terms of the
transaction will be available to the Shareholders. Shareholders may contact
ETI’s Investor Relations team to know more about the transaction.
All
remaining information will be disclosed to the shareholders on the website as
soon as it is defined and available.
*Important Note*
This
announcement does not contain or constitute an offer of, or the solicitation of
an offer to buy or subscribe for, securities to any person in which such offer
or solicitation is unlawful. The securities referred to in this press release
have not been, and will not be registered under the regulations in Nigeria,
Ghana and UEMOA, and may not be offered or sold in these regions.
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