Access Bank Plc has notified the investing public about the Court Ordered meeting to conclude its Holding Company arrangement.
The 35,545,225,622 ordinary shares of 50 kobo each in the issued and paid-up share capital of the Bank held by the shareholders will be transferred to Access Holdings Plc in exchange for the allotment of 35,545,225,622 ordinary shares of 50 kobo each in the share capital of the Holdco to the shareholders in proportion to their shareholding in the Bank credited as fully paid without any further act or deed.
What are the possibilities for Access Bank in the new Holding company structure?