By Babajide Komolafe
Access Holdings yesterdaycommenced rights issue offer of 17.7 billion ordinary shares of 50 kobo each at N19.75 per share totalling N351 billion to its shareholders.
Speaking at the completion board meeting and signing ceremony yesterday, Chairman Access Holdings, Aigboje Aig-Imoukhuede, said that the rights offer is to ensure no shareholder is left behind in the companys capital raising exercise.
He said, We are offering 17.7 billion new ordinary shares to our existing shareholders. This is an indication that we dont leave anybody behind in Access Bank.
We felt that it was very necessary that all shareholders be carried along in the capital exercise and to benefit from long term value opportunities in the Access brand.
