Audio By Carbonatix
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
-
Why Ghana must maintain the NPA’s price floor in the petroleum market
2 hours -
Serwaa Amihere apologises to PRESEC community over ‘homosexual breeding ground’ comment
3 hours -
Dr Arthur Kennedy slams NPP’s “dubious” plot to expel Prof Frimpong-Boateng
3 hours -
The role of foreign elements in the radicalisation of recent protests in the Islamic Republic of Iran
4 hours -
NPP discipline must extend to Akufo-Addo over poor governance – Arthur K
5 hours -
Bryan Acheampong warns of permanent NPP split if Bawumia or Ken wins 2028 ticket
5 hours -
PRESEC condemns ‘homosexual breeding ground’ comment by Serwaa Amihere; distances school from LGBTQI label
5 hours -
NPP race: Bryan Acheampong chides Kennedy Agyapong over support for eventual winner
5 hours -
Choose candidates who can win power in 2028—Wontumi to NPP
6 hours -
NRSA: Speeding, drink-driving behind 18.5% surge in road fatalities
6 hours -
GPL 2025/26: Asante Kotoko draw with GoldStars to extend winless run
9 hours -
Fire guts temporary wooden structures at Afful Nkwanta in the Ashanti Region
10 hours -
Haruna Iddrisu didn’t approve gender identity content – Education Ministry
10 hours -
‘We are not for sale’: Thousands rally in Greenland and Denmark against Trump’s annexation threat
10 hours -
Deputy Education Minister directs GES to act on video of SHS students displaying charms
11 hours