Access Bank confirmed its raised N41.71 billion ($210 million) from the rights issue it held in January 2015. In a document released on Tuesday, the Bank said the rights issue was 79.3 percent subscribed by shareholders and came in below its target of 52.6 billion naira. The bank had offered 7.62 billion shares at 6.90 naira […]
Access Bank former logo and outlook before merger with Diamond Bank
Access Bank confirmed its raised N41.71 billion ($210 million) from the rights issue it held in January 2015.
In a document released on Tuesday, the Bank said the rights issue was 79.3 percent subscribed by shareholders and came in below its target of 52.6 billion naira.
The bank had offered 7.62 billion shares at 6.90 naira per share to its existing shareholders at one for three shares in a rights issue in January.
Access Bank shares was up 2.44% to close at N4.20
The share price had opened at N4.10 and barely higher than its year low of N4
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