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ADB extends IPO closing date
This was communicated to Pulse Business, after the Securities and Exhchange Commission granted the company an extention to the IPO which was supposed to ended on 26 February, 2016.
This was communicated to Pulse Business, after the Securities and Exhchange Commission granted the company an extention to the IPO which was supposed to end on 26th February, 2016.
Shares can be bought at any ADB branch, any Standard Chartered Bank (“SCB”) branch, IC Securities (Ghana) Limited or any Licensed Dealing Member (“LDM”) of the Ghana Stock Exchange (“GSE”). Further details on the IPO are contained in the Offer Prospectus which can be obtained from any ADB branch, any SCB branch, IC Securities (Ghana) Limited, any LDM of the GSE or www.adbipo.com.
Below is the full notice released by ADB and copied to Pulse Business
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ADB ANNOUNCES EXTENSION OF IPO OFFER PERIOD
Accra, 25th February 2016 – The Agricultural Development Bank Limited (“ADB” or the “Company”) announces that the Securities and Exchange Commission has granted the Company an extension (the “Extension”) to its Initial
Public Offer (“IPO”) Offer Period which was supposed to have ended on 26 February, 2016. As a result of the Extension, the Offer Period will now end on 24 March, 2016.
The revised Offer timetable is as follows:
Activity Date Time
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Recommencement of Offer Period 23 December 2015 9:00am
End of Offer Period 24 March 2016 5:00pm
Application Forms review for allotment commences 29 March 2016 9:00am
End of allotment and submission of results to the SEC 11 April 2016 5:00pm
Crediting of ADB Shares to successful applicants 18 April 2016 5:00pm
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Commence dispatching letters to successful applicants 21 April 2016 9:00am
Refunds to unsuccessful applicants 21 April 2016 10:00am
Listing of all ADB Shares. First day of trading on GSE 25 April 2016 10:00am
Shares can be bought at any ADB branch, any Standard Chartered Bank (“SCB”) branch, IC Securities (Ghana) Limited or any Licensed Dealing Member (“LDM”) of the Ghana Stock Exchange (“GSE”). Further details on the IPO are contained in the Offer Prospectus which can be obtained from any ADB branch, any SCB branch, IC Securities (Ghana) Limited, any LDM of the GSE or www.adbipo.com.
Before deciding whether to apply for the ADB Shares, you should consider whether the ADB Shares are a suitable investment for you. Their value can go up as well as down. Past performance is not necessarily indicative of future performance. If you need advice, you should consult a suitable professional advisor.
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