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
-
Deputy A-G urges caution, says allegations against Chief not yet proven
14 minutes -
Reverse unlawful dismissal of Tamale Teaching Hospital CEO – Minority roars at Akandoh
19 minutes -
Musk to reduce Doge role after Tesla profits plunge
19 minutes -
Trump hints at softening China tariffs and says no plan to sack Fed boss
24 minutes -
‘Title race not over’ – Interim Kotoko boss Karim Zito optimistic
29 minutes -
Apple fined $570m and Meta $228m for breach of EU law
30 minutes -
‘Be content with winning, not ‘fine’ football – Zito tells Kotoko supporters
38 minutes -
Ghana’s Black Satellites hungry for success – Desmond Ofei
44 minutes -
South Tongu MP launches Business and Investment Forum
45 minutes -
Kotoko charges Zito to deliver double – Communications Director
48 minutes -
Easter Horse Racing festival makes thrilling debut on Laboma Beach sands
1 hour -
How Ghanaian youth are losing the plot on social media and in national discourse
1 hour -
Millennium Marathon launches 10th edition in Accra
2 hours -
Minority condemns dismissal of Tamale Teaching hospital CEO
2 hours -
The Tamale Teaching Hospital crisis – “RESET” but don’t “DELETE”
2 hours