Under the arrangement, 17,772,612,811 ordinary shares of N0.50 each will be offered to existing shareholders at N19.75 per share based on one new ordinary share for every two shares held as of Friday, June 7, 2024.
The offer is part of the Group’s $1.5 billion fundraising programme to raise its capital to in line with the new N500 billion regulatory thresholds of international banks and boost the operations of its non-bank companies.
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