Jaiz Bank Plc Notifies of Resolutions Passed at Its EGM Held on October 28th, 2020


Wednesday, December 16, 2020 7:05PM / NSE/ Header Image Credit: Jaiz Bank Plc


The members of Jaiz Bank Plc (the Bank) at the Extraordinary General Meeting held on Wednesday October 28, 2020 at the Bank's Registered Office No. 73 Ralph Shodeinde Street, Central Business District, Abuja, Federal Capital Territory at 1:00 a.m proposed and unanimously passed the following resolutions: -

Special Business:

  1. "That the Directors be and are hereby authorized to raise additional capital of N3,300,000,000.00 (Three Billion, Three Hundred Million Naira) by way of Private Placement";
  2. "That subject to obtaining the requisite regulatory approvals, 5, 076, 923, 077 Five Billion, Seventy Six Million, Nine Hundred and Twenty Three Thousand, Seventy-Seven Ordinary Shares of the Bank shall be offered to identified investors by way of Private Placement at the rate of N0.65k (Sixty-Five Kobo) per share';
  3. "That subject to the approval of the Nigerian Stock Exchange (NSE), the Placement shares shall be listed on the NSE upon conclusion of the Private Placement
  4. "That the Directors be and are hereby authorized to take all necessary steps required to give full effect to the Private Placement including the execution of any documents all regulatory filings and appointment of professional advisers".


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