Access Bank Launches Rights Issue of 17.7 Billion Ordinary Shares

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L-R: Morounke Olufemi, Group Chief Financial Officer, Access Holdings Plc; Temi Popoola, Group CEO, Nigerian Exchange Group (NGX Group); Bolaji Agbede, Acting Group Managing Director /Chief Executive Officer, Access Holdings Plc; Umaru Kwairanga, Group Chairman, NGX Group; Aigboje Aig-Imoukhuede, Chairman, Access Holdings Plc; Ahonsi Unuigbe, Chairman, Nigerian Exchange Limited; and Roosevelt Ogbonna, Group Managing Director/CEO, Access Bank Plc, during the Facts Behind the Rights Issue Presentation by Access Holdings Plc, at the NGX in Lagos, today.

 

Access Bank has officially opened its rights issue of 17.7 billion ordinary shares, as announced during the “Fact Behind the Offer” presentation held today on the floor of the Nigerian Exchange (NGX). The Chairman of Access Holding Company, Aigboje Aig-Imoukhuede, led the presentation, detailing the strategic importance of this capital raise.

The rights issue aims to strengthen Access Bank’s capital base, enabling it to fund expansion projects, enhance digital banking capabilities, and improve overall service delivery. This initiative reflects the bank’s commitment to maintaining its leadership position in the Nigerian banking sector and supporting broader economic development.

Shareholders are being offered the opportunity to purchase additional shares at a predetermined price, allowing them to increase their investment in the bank. This move is expected to enhance shareholder value and provide the necessary funds for the bank’s future growth plans.

Aig-Imoukhuede emphasized the bank’s robust financial health and strategic vision, assuring investors of the potential returns on their investments. He noted that this rights issue is a critical step in positioning Access Bank for sustained long-term growth and stability.

The offer is now open to shareholders, who are encouraged to take advantage of this opportunity to participate in the bank’s ongoing success story. The rights issue is set to close on a specified date, giving shareholders a limited window to subscribe.

Access Bank’s leadership remains confident in the positive impact of this rights issue on the bank’s operations and its contribution to the Nigerian economy.


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