Audio By Carbonatix
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.
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