Wema Bank Plc through its Stockbrokers, Global Asset Management Nigeria Limited and Qualinvest Capital Limited has submitted an application to Nigerian Exchange for the approval and listing of a Rights Issue of Fourteen Billion, Two Hundred and Eighty-Six Million, Seven Hundred and Eighty-Five Thousand, Four Hundred and Seventeen (14,286,785,417) ordinary shares of 50 Kobo each at N10.45 per share.
The right issue is on the basis of two (2) new ordinary shares for every three (3) ordinary shares held. The qualification date the Rights Issue was Wednesday, 5 March 2025.