The Jaiz Bank Plc’s Rights Issue of N2, 957, 424,
930 ordinary shares is now open and will close on January 11, 2016, the bank
announced over the weekend.
The Rights Issue, which is to shore up the bank’s
capital base, attracts ordinary shares of N1.00 each at N1.30 per share, the
bank’s head, Corporate Communications, Idris Salihu told newsmen at closing
ceremony of the Kano International Trade Fair in Kano yesterday.
According to him, the Rights Issue is being offered
to the existing Shareholders “On the basis of one (1) new ordinary share for
every four (4) ordinary shares held as at 30th April, 2015.”
He said by the conclusion of the Rights Issue, the
proceeds would raise the bank’s capital base to over N15, billion, which is
above the threshold applicable to a specialised Bank like Jaiz.
He Salihu said: “As you may be aware, the Central Bank
of Nigeria (CBN) has given Jaiz Approval-In-Principle to go national. We
believe this will position the bank to extend its services to all Nigerians
Christians and Muslims alike.
“We therefore call on the shareholders to take
advantage of this offer to increase their stake in the bank.”
The bank commenced operations in January 2012 with
only three branches in Abuja, Kano and Kaduna, which has grown to 22 locations
as at today.
Source: Today
About The Nigerian Blogger
0 comments :
Post a Comment