• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Wednesday, June 11, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Access Holdings Extends N351bn Rights Issue

by Olushola Bello and Bukola Aro-Lambo
10 months ago
in Business
Access Holdings
Share on WhatsAppShare on FacebookShare on XTelegram

Access Holdings Plc has extended the acceptance period for its ongoing N351.02 billion rights issue.

Advertisement

Initially set to close on August 14, 2024, the period has now been extended to August 23, 2024, following the approval of the Securities & Exchange Commission (SEC).

Access Holdings, on July 8, 2024, commenced its rights issue offers of 17.773 billion ordinary shares of N0.50 each at N19.75 per share.

The offer was issued on the basis of one new ordinary share for every two existing ordinary shares held as of June 7, 2024.

In a statement signed by the Group’s company secretary of Access Holdings, Sunday Ekwochi said that “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.

RELATED

Who Is Dr Olayemi Cardoso?

Recapitalisation Deadline: BDCs In Talks With CBN, Seek Extension To Dec 31

7 hours ago
Alake Unveils 7-Point Agenda For Solid Minerals

Nigeria’s Mining Professionals Get Australia Training Boost

7 hours ago

“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,” it said.

Access Holdings stated that the proceeds from the issue will be used to enhance Access Bank’s capital adequacy, in compliance with the regulatory capital requirements, thereby deepening the Bank’s ability to withstand systemic shocks; and strengthen its fortress balance sheet, allowing it to meet its and other banking subsidiaries’ growth needs, in line with the Group’s medium-term strategic objectives.

Chairman of Access Holdings, Aigboje Aig-Imoukhuede stated that “Access Holdings continues to improve on its strong foundation of operational and financial excellence. The Group’s release year-end 2023 audited financials showed a robust 307 per cent growth in profit after tax to N619.32 billion, despite the challenging economic and regulatory operating environment.

“This positive indicator signals the success of our African expansion strategy, as we continue our journey to building a globally connected community and ecosystem inspired by Africa for the world.”

Speaking to shareholders, he said, “by accepting your rights, you will be making a strong statement regarding your commitment to ensuring that Access Holdings is well-positioned to achieve its strategic growth objectives. I therefore strongly recommend that you take advantage of the opportunities presented by this rights issue.”


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel

START EARNING US DOLLARS as a Nigerian ($35,000) monthly. Companies are sacking their workers due to AI (artificial intelligence), business owners are in panic mode. Only the smart will make it. Click here


Tags: Access Holdings
SendShareTweetShare
Previous Post

CAMCONIA To Discuss Ways Of Shaping Insurance Industry’s Future

Next Post

Kwara Repositions Sports For Tourism, Service Economy

Olushola Bello and Bukola Aro-Lambo

Olushola Bello and Bukola Aro-Lambo

You May Like

Who Is Dr Olayemi Cardoso?
Business

Recapitalisation Deadline: BDCs In Talks With CBN, Seek Extension To Dec 31

2025/06/11
Alake Unveils 7-Point Agenda For Solid Minerals
Business

Nigeria’s Mining Professionals Get Australia Training Boost

2025/06/11
Federal Gov’t Appoints Aderogba As Regional Maritime Dev’t Bank CEO
Business

$1.25bn Annual Loss: Maritime Bank Secures $150m To Upgrade Shipyards

2025/06/11
Solar To Energise 380m Africans By 2030 — World Bank
Business

African Economies Confront Budget Pressures As World Bank Projects Worse Downturn

2025/06/11
TAJBank, AIFC Partnership To Enhance Export Trade, Ooni Of Ife
Business

TAJBank Signs Agreement For N20bn Mudarabah Sukuk Bond Issuance

2025/06/11
Tinubu Lauds Dangote Petroleum Refinery On Patriotism, Industrialisation
Business

Tinubu Lauds Dangote Petroleum Refinery On Patriotism, Industrialisation

2025/06/11
Leadership Conference advertisement

LATEST

Again, Gunmen Kill 8 In Plateau Community

Wike Not Yet In APC But We Enjoy His Work — Tinubu

‘They Went Too Far’, Elon Musk Regrets Anti-Trump Posts

Shehu Sani Kicks Against Renaming Of ICC After Tinubu

Dele Momodu Denies APC Defection Rumour

Fintiri Dissolves Market Board In Adamawa

Accusation Of One-party System Against APC Is Blackmail, Says Deputy National Chairman

Reno Omokri Embarks On Verification Trip Of Lagos-Calabar Coastal Highway Project

5 Players To Make Surprise Appearance At FIFA Club World Cup

Maje Ayida Opens Up On Depression After Divorce With Toke Makinwa

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.