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
-
You are a son of Gonjaland and you have my blessing to be president – Gonja King to Bawumia
22 mins -
Market sentiments contributing to cedi depreciation – Lord Mensah
26 mins -
Ghanaian film maker wins best unscripted series in AMVC
59 mins -
Blame Parliament for SALL disenfranchisement, not EC – Bossman Asare tells IMANI Africa
1 hour -
Inflation to decline much faster in May 2024 – Report
1 hour -
Slovak PM Robert Fico carried to car after being shot
2 hours -
We need stakeholder engagement, not firefighting approach – CDD-Ghana fellow tells government
2 hours -
Fitch revises outlook on Zenith, Access, 3 others to positive
2 hours -
WAFU B U-17 Cup of Nations: Black Starlets thump Côte d’Ivoire in Group A opener
2 hours -
AngloGold Ashanti delivers steady start to 2024; Gold production up +2% year-on-year
2 hours -
Fidelity Bank joins forces with Proxtera to empower Ghana’s SMEs on GIFE Platform
2 hours -
Five men accused of murdering South African rapper AKA denied bail
2 hours -
GH Queens reality show secures win for Ghana at AMVCA 2024
2 hours -
Over 400 Deloitte Ghana staff mark ‘Volunteer Day’ to impact about 12,000 school children
2 hours -
ECG commences skills development programme to address unemployment
2 hours