Access bank is now hoping to end its Initial Public offering (IPO) on November 25.
This was after it secured approval from the Securities and Exchange Commission (SEC) to extend the offer which ended last Friday, November 1.
Access bank on October 19 begun its IPO to raise GHC104 million to support the bank’s growth and expansion strategies.
Investors were required to purchase a minimum of 100 at GHC4.
The extension will now result in the allotment of shares to investors on November 28, the bank is hoping to end the process for allotment on Monday, December 5.
The results of the offer will be submitted to SEC and Ghana Stock Exchange (GSE) on December 6 and crediting of shares onto the CSD will happen on December 12.
Access bank is hoping to list on the Ghana Stock Exchange on Wednesday, December 14, 2016.
Latest Stories
-
Free dialysis treatment to be available in 40 facilities from December 1 – NHIA CEO
14 mins -
NHIA will need GHC57 million annually to fund free dialysis treatment – NHIA CEO
20 mins -
MELPWU signs first-ever Collective Agreement with government
45 mins -
I’ve not been evicted from my home – Tema Central MP refutes ‘unfounded’ reports
47 mins -
After Free SHS, what next? – Alan quizzes and pledges review to empower graduates
1 hour -
Wontumi FM’s Oheneba Asiedu granted bail
1 hour -
Alan promises to amend the Constitution to limit presidential powers
2 hours -
Ghana to face liquidity pressures in 2025, 2026 despite restructuring most of its debt – Fitch
2 hours -
NPP’s record of delivering on promises is unmatched – Bawumia
2 hours -
Mahama: It’s time to dismiss the incompetent NPP government
2 hours -
Today’s front pages: Monday, November 25, 2024
2 hours -
T-bill auction: Government misses target again; interest rates continue to rise
2 hours -
We have a bad technical team; Otto Addo and his team should go – Ernest Thompson
3 hours -
Hindsight: Why Accra Lions’ present problems do not define them
4 hours -
10-year-old Lisa Laryea arrives at Wits Donald Gordon Hospital in South Africa for bone marrow transplant
4 hours