Audio By Carbonatix
Agricultural Development Bank PLC has announced the listing and commencement in trading of 1,305,729,741 additional ordinary shares on the Ghana Stock Exchange.
This follows a Renounceable Rights Issue.
In a circular to the listing public, ADB and its transactional advisor Petra Securities commended the public for ensuring a successful Rights Issue.
Shareholders of the ADB PLC had earlier approved a record capital injection into the bank to strengthen its operations.
The resolution was passed at an Extraordinary General Meeting (EGM) on December 28, 2023.
The resolution was in furtherance of the bank’s intention to raise additional capital to shore up its minimum paid-up capital which has been adversely affected by factors including the impact of the recent Domestic Debt Exchange Programme (DDEP) and challenged performance of the banking sector over the past two years, among others.
Latest Stories
-
Ghana signs UAE deal to create 5,000 overseas jobs
1 minute -
One Million Coders Programme targets 100,000 digital jobs in two years – Sam George
5 minutes -
John Jinapor, Italian Ambassador explore opportunities for energy sector investment
6 minutes -
NHIA seeks legal reforms to support Free Primary Healthcare
10 minutes -
Beatrice Annan defends Afi Agbenyo’s EC appointment, cites record of gender advocacy
13 minutes -
Ghana seeks investment deals in Bangkok amid global economic crises
17 minutes -
IMF raises Ghana’s 2026 growth forecast to 5.7%, sees inflation falling to 4.8%
19 minutes -
Ablakwa urges Africans not to view immigrants as threat to national progress
23 minutes -
Mahama Cares must fund treatment, not looting – Asogli chiefs
24 minutes -
Ghana’s economic salvation lies not in shifting geo-political allegiances – Dr Atuahene
27 minutes -
BoG proposes tougher rules on loan repayment assessment‎
32 minutes -
Government plans mandatory drug tests for public service jobs — Muntaka
37 minutes -
Media urged to intensify awareness campaigns on breast cancer
42 minutes -
Interior Minister urges public to share drug intelligence
48 minutes -
Afadzato South DCE commissions water projects, teachers’ bungalow
53 minutes