Zenith Bank Extends Public Offer, Rights Issue Amid Disruptions, New Deadline Set for September 23.
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Maroc - NIGERIANFRANKNEWSNG.COM - A La Une - 08/Aug 17:52
Unlocking immense value : Zenith Bank’s Hybrid Rights Issue, Public Offer
Zenith Bank Plc, in a significant move to meet the Central Bank of Nigeria’s (CBN) new minimum capital requirement of N500 billion, is offering its ongoing hybrid rights and public offers at the bank’s lowest price range, locking in about 32 percent gain in potential immediate return for existing shareholders and new investors. This Hybrid Rights Issue and Public Offer, aimed at raising approximately N290 billion, will not only enable the bank to meet the CBN’s requirement but also provide additional working capital to support its expanding operations and investments in information technology infrastructure. Currently, Zenith Bank’s issued and fully […]
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