ACCESS HOLDINGS’ N351 BILLION RIGHTS ISSUE OPENS FOR SUBSCRIPTION

Access Holdings Plc (‘the Group’), one of Africa’s leading financial services groups, has announced the commencement of its N351 billion Rights Issue (‘the Offer’). A subset of the Group’s Capital Raising Programme aiming to generate up to US$1.5 billion (One Billion, Five Hundred Million United States Dollars), the Rights Issue is designed to strengthen the Group’s financial footing and support ongoing working capital needs, including organic growth funding for its banking and non-banking subsidiaries. Bolaji Agbede, Acting Group Chief Executive Officer of Access Holdings Plc, stated: “The commencement of the…

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