Audio By Carbonatix
CalBank raised GH¢145.84 million through its Renounceable Rights Issue.
A total of 502,915,885 shares were issued by the listed bank.
The offer sought to raise a minimum of GH¢120 million and up to GH¢600 million.
As stated in the Rights Issue Offer Circular, the offer shares were allotted to applicants in the successful applications received from Qualifying Shareholders and their Renouncees in respect of their Rights Entitlement and successful applications received from Qualifying Shareholders and Renouncees for extra shares.
Shares not applied for by Qualifying Shareholders will be offered to interested investors through a private placement.
A circular from the Ghana Stock Exchange pointed out that successful applicants with Central Securities Depository (CSD) accounts will have their accounts credited with their allotment from June 28, 2024.
For successful applicants without CSD accounts, CSD accounts will be created, and their shares will be credited to them from July 1, 2024 or as soon as practicable.
The GH¢145.84 million is expected to shore up the capital of the indigenous bank.
Latest Stories
-
GPRTU opposes auctioning broken-down vehicles after 21 days
16 minutes -
Nigerian Goodnews Aina crowned J30 Accra champion as Ghana’s Gwendolyn Duvor Klu retires in final
2 hours -
WACCE urges gov’t to declare state of emergency in galamsey-prone areas
3 hours -
NACOC boss calls for practical cross-border action against drug trafficking
3 hours -
Ghana calls for stronger regional cooperation to combat drug trafficking
3 hours -
Ablakwa presents bicycles to 100 North Tongu day students
3 hours -
Ablakwa supports 2,269 North Tongu SHS students with essential items
3 hours -
Dr Bawumia expresses sympathy with farmers over their inability to sell their produce even at reduced prices
3 hours -
Constitutional review: Govt must keep discussions open – Dr Tandoh
4 hours -
GPL 2026/27: David Gyamfi hat-trick fires Ashantigold to historic first victory
4 hours -
Ericsson celebrates 150 years of global innovation, 30 years of partnership and digital transformation in Ghana
4 hours -
Ghana’s Ambassador to Serbia hosts African ambassadors’ September meeting in Belgrade
5 hours -
Ghana closer to terrorism threat than ever before – WACCE
5 hours -
Gov’t must focus on quality everywhere, not categorisation of public schools – Ben Boakye
5 hours -
Tanko Computer backs comprehensive review of 1992 Constitution
5 hours