CalBank Plc has announced a Renounceable Rights Issue. The Bank seeks to raise GHS 600,000,000 through the issuance of 2,068,965,517 shares (“Offer Shares”) of no par value at GHS 0.29 per share in a ratio of 1 Offer Share for every 0.3033 existing share held by a qualifying shareholder. The Offer Shares comprise 1,872,461,736 Ordinary Shares in a ratio of 1 new ordinary share for every 0.3351 existing ordinary...
Government has released the much-awaited issuance calendar for the second quarter of 2021. The calendar has provided clarity on government’s liability management for rest of the second quarter up to the end of June 2021. This should enable market participants to plan accordingly. The government is planning to raise a total of GHS21.43 billion, and nearly 81% of the amount would be used to rollover maturities. The remaining amount of...
Nimed Capital Limited wishes to notify its cherished clients and the general public to disregard an ongoing FRAUDULENT SCHEME on TELEGRAM in the name of Nimed Capital Limited, with HEAD ADMIN DR JEFFERY as the admin for the group. The group has displayed multiple products which are NOT part of what we offer. We strongly disassociate ourselves from this fraudulent act. We continue to remain committed to offer only products...
Mechanical Lloyd PLC Limited (“MLC PLC” or the “Company”) wishes to announce the Company’s de-listing from the Ghana Stock Exchange (“GSE”) effective 16th April, 2021. Offer Results At the close of the offer, 165 shareholders tendered in a total of 2,800.065 ordinary shares. A settlement to all applicants was concluded by 8 April 2021 per the offer timetable. GHS 3,920.10 have been transferred to the Universal Merchant Bank Account as...
The Bank of Ghana (BoG) has now allowed banks to declare and pay dividends to shareholders in respect of the 2020 and 2021 financial years if they can meet some stringent conditions. The central bank had earlier banned banks from paying dividends following the “liquidity releases to banks and specialised deposit-taking institutions (SDIs) that were provided by the BoG to contain the impact of the COVID-19 pandemic on the banking...
The Ghana Stock Exchange (GSE) has granted permission to six companies to submit their audited financial statements for full year 2020 by the end of April 30, 2021 instead of the usual March 31, 2021. Three of the companies listed their shares on the GSE while the other three companies have listed fixed income securities on the GSE. A release by GSE noted that the “Ghana Stock Exchange announces for...