Access Holdings Plc has informed shareholders and Nigerian Exchange Limited that the period of the Acceptance List for its Rights Issue which opened on July 8, 2024, to close on August 14, 2024, has been extended to August 23, 2024, following the approval of the Securities & Exchange Commission.
The decision is in response to the recent nationwide protest that disrupted operations of businesses and individuals across Nigeria and to provide shareholders with ample opportunity to subscribe to their rights.
During the extended period of the Issue, dealings by the Company’s insiders on the Company’s shares will continue to be strictly limited to participation in the Rights Issue as earlier approved by the Exchange in respect of the Non-Dealing Period on the Company’s Audited Interim Financial Statements for the Period Ended June 30, 2024, until 24 hours after the publication of the Interim Financial Statements.
The largest lender by total assets and customer base in Africa’s most populous nation is currently in the market to raise N350 billion via a Rights Issue through the issuance of 17.7 billion new shares at N19.75 per share.
Access Holdings’ vision is to create a globally connected eco-system, inspired by Africa and the world.
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