Shareholders of Access Holdings Plc have expressed confidence in the company’s growth strategy and pledged their support for the ongoing N351 billion rights issue. This support was evident during the “Facts Behind the Rights Issue” presentation at the Nigerian Exchange (NGX) office in Lagos.
The shareholders praised Access Holdings for its impressive track record and consistent dividend payments, which have strengthened their trust in the company’s leadership. Bisi Bakare, National Coordinator of the Pragmatic Shareholders Association of Nigeria, highlighted the significant growth of Access Bank’s stock, from N0.65 to N19.35 as of June 9. This growth has provided immense value to shareholders, reinforcing their commitment to the company’s future growth.
Aigboje Aig-Imoukhuede, Chairman of Access Holdings, also expressed confidence in the success of the rights issue. He emphasized that the capital raising program, starting with the Rights Issue offering 17,772,612,811 ordinary shares at N19.75 per share, is a crucial step towards achieving the company’s goal of becoming one of the top five financial institutions in Africa by 2027. The funds raised will be used to strengthen the company’s financial position, support working capital needs, and drive organic growth in its banking and non-banking subsidiaries.
Roosevelt Ogbonna, Chief Executive Officer of Access Bank, highlighted the company’s commitment to becoming a global banking leader. By 2027, the bank aims to grow its customer base to 125 million and establish itself as one of the top five banks globally. This ambitious goal reflects the company’s dedication to sustainable growth and providing superior services to its customers.
The Rights Issue offer opened on July 8 and will close on August 14, 2024. Shareholders and potential investors are encouraged to actively participate by taking up their rights and supporting Access Holdings’ strategic growth initiatives.
Source link
Be the first to comment