Access Holdings extends deadline for rights issue acceptance

Access Holdings Plc has announced an extension of the acceptance period for its ongoing Rights Issue.

Initially set to close on Wednesday, August 14, the period has now been extended to August 23, 2024, following the approval of the Securities and Exchange Commission (SEC).

Access Holdings announced this in a statement on Tuesday, August 13.

Access Holdings, in a statement issued by the Group’s Company Secretary, Sunday Ekwochi, noted: “The decision is in response to the recent nationwide protest that disrupted operations of businesses and individuals across Nigeria and to provide shareholders with ample opportunity to subscribe to their rights.

“During the extended period of the Issue, dealings by the Company’s insiders on the Company’s shares will continue to be strictly limited to participation in the Rights Issue as earlier approved by the Exchange in respect of the Non-Dealing Period on the Company’s Audited Interim Financial Statements for the Period Ended June 30, 2024, until 24 hours after the publication of the Interim Financial Statements.

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“For further inquiries or additional information regarding the Rights Issue, shareholders and prospective investors are encouraged to contact Access Holdings’ Investor Relations team at Investor.Relations@theaccesscorporation.com.”

Access Holdings Plc is a leading multinational financial services group that offers commercial banking, lending, payment, insurance, and asset management services.

Headquartered in Lagos State, the company operates through a network of more than 700 branches and service outlets, spanning three continents, 22 countries, and over 60 million customers.

Established in 2022, Access Holdings consists of the Access Bank Group; Access Pensions; a Payment and Switching Services Company; a Digital Lending Company, and an Insurance Brokerage Company.

The Star