CalBank Plc has announced to its shareholders that the legal action challenging the bank’s GH¢600 million Rights Issue has been discontinued.
This is coming after a minority shareholder placed an injunction on the bank’s capital raising.
According to the bank, it has received approval from the Securities and Exchange Commission to proceed with the allotment of shares and the remaining activities of the Rights Issue.
In a statement to shareholders and the investing public, it said the credit offer of shares to successful applicants on the Central Securities Depository (CSD) will take place between June 28 – July 5, 2024.
The bank furthered that additional listing of offer shares for trading on the GSE will take place on July 8, 2024.
Also, the deadline for refunds to unsuccessful applicants for the bank’s rights issue will also be done on July 8, 2024.
The bank concluded, saying, “We appreciate the continued support of all our shareholders and regulators”.
Latest Stories
-
NHIA pays 6 hospitals providing dialysis treatment to patients
32 seconds -
Euro 2024: England come from behind to beat Slovakia to advance to quarterfinals
36 mins -
Petrol price to go up 2%, LPG by 5% from July 1, 2024 – IES
2 hours -
Judge upholds decision refusing protection for Ghanaian man who claimed he was persecuted for being gay
2 hours -
Joke Silva debunks rumor of husband Olu Jacobs’ death
2 hours -
One shot dead in Yunyoo in renewed communal clash
2 hours -
24-year-old welder sentenced to 25 years in hard labour for robbery
4 hours -
Disregard the fake news; IGP is still at post – Police Service
4 hours -
15-year old girl battles for her life after brutal attack by 21-year–old suspected ‘rapist’
4 hours -
Ahanta West: 60-year-old man accused of attempting to kill people spiritually burnt to death
5 hours -
GBA president calls for enhanced security and safety of judges
5 hours -
Spare the judiciary of your divisive politics- GBA tells politicians
6 hours -
You’re better than a pack of cooked rice; don’t let politicians use you for violence – GBA to youth
6 hours -
WASH expert urges focus on grey water to mitigate public health risk
8 hours -
Don’t let Ghana Publishing Company collapse; commit resources to it – Otumfuo
10 hours