ADB ANNOUNCES EXTENSION OF IPO OFFER PERIOD
Accra, 25th February 2016 – The Agricultural Development Bank Limited (“ADB” or the “Company”) announces that the Securities and Exchange Commission has granted the Company an extension (the “Extension”) to its Initial Public Offer (“IPO”) Offer Period which was supposed to have ended on 26 February, 2016. As a result of the Extension, the Offer Period will now end on 24 March, 2016.
The revised Offer timetable is as follows:
|
Activity |
Date |
Time |
|
Recommencement of Offer Period |
23 December 2015 |
9:00am |
|
End of Offer Period |
24 March 2016 |
5:00pm |
|
Application Forms review for allotment commences |
29 March 2016 |
9:00am |
|
End of allotment and submission of results to the SEC |
11 April 2016 |
5:00pm |
|
Crediting of ADB Shares to successful applicants |
18 April 2016 |
5:00pm |
|
Commence dispatching letters to successful applicants |
21 April 2016 |
9:00am |
|
Refunds to unsuccessful applicants |
21 April 2016 |
10:00am |
|
Listing of all ADB Shares. First day of trading on GSE |
25 April 2016 |
10:00am |
Shares can be bought at any ADB branch, any Standard Chartered Bank (“SCB”) branch, IC Securities (Ghana) Limited or any Licensed Dealing Member (“LDM”) of the Ghana Stock Exchange (“GSE”). Further details on the IPO are contained in the Offe r Prospectus which can be obtained from any ADB branch, any SCB branch, IC Securities (Ghana) Limited, any LDM of the GSE or www.adbipo.com.
Before deciding whether to apply for the ADB Shares, you should consider whether the ADB Shares are a suitable investment for you. Their value can go up as well as down. Past performance is not necessarily indicative of future performance. If you need advice, you should consult a suitable professional advisor.
Marketing & Communications
(Feb-25-16)
BRANCH / ATM LOCATOR
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