Post Merger: Access Bank lists additional 6.6 billion shares

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Access Bank Plc has listed 6. 617 billion ordinary shares of 50 Kobo each at the Nigerian Stock Exchange which resulting from the scheme of the merger between Access and Diamond Bank. 

The NSE said that following the merger scheme of the two banks, the entire 23,160,388,968 ordinary shares of Diamond Bank Plc were delisted yesterday from the NSE Daily Official List.

Dealing Members are hereby notified that the National Council of The Nigerian Stock Exchange on Friday, 29 March 2019 approved the listing of 6,617,253,991 ordinary shares of 50 Kobo each of Access Bank Plc resulting from the Scheme.

Consequently, the resultant Scheme shares of 6,617,253,991 ordinary shares of 50 Kobo each of Access Bank Plc, were listed today Monday, 1 April 2019, while the entire 23,160,388,968 ordinary shares of Diamond Bank Plc were delisted from the Daily Official List of The Exchange today Monday, 1 April 2019.

Read:  TOP 5 WEEKLY STOCK PICK FOR THE PERIOD 29/1/2018 – 2/2/2018 OUTLOOK & WATCH LIST – GTI SECURITIES

With the listing of the additional 6,617,253,991 ordinary shares arising from the Scheme, the total issued and fully paid up shares of Access Bank Plc has increased from 28,927,971,631 ordinary shares to 35,545,225,622 ordinary shares of 50 Kobo each.

Read:  2016: NSE’s revenue dips by 31% at N4.46bn

Access Bank Plc, over the weekend, unveiled its new identity, in the aftermath of a business combination with Diamond Bank Plc, which takes off April 1, 2019.

The new identity displayed at the event is a combination of Access Bank’s colour and name with Diamond Bank’s traditional diamond shape logo in predominantly orange colours.

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