CalBank PLC raises GHȼ145m after successful renounceable rights issue
Summary
CalBank PLC has successfully completed its renounceable rights issue, raising a total of GH145 million.This follows the discontinuation of the legal action challenging CalBanks GH\xa2600 million rights issue.The offer was for over GH\xa22 billion shares at GH\xa2 0.29 per share, in a ratio of 1 offer share for every 0.3 existing share held by a qualifying shareholder.Over 500 million shares were subscribed, raising a total of GH145 million, which surpasses the minimum target of GH120 million but fell short of the maximum target of GH600 million.According to the bank, proceeds from the offer will be used to support its growth strategy and deliver long-term value to its shareholders.Explore the world of impactful news with CitiNewsroom on WhatsApp!Click on the link to join the Citi Newsroom channel for curated, meaningful stories tailored just for YOU: https://whatsapp.com/channel/0029VaCYzPRAYlUPudDDe53xNo spams, just the stories that truly matter! #StayInformed #CitiNewsroom #CNRDigitalThe post CalBank PLC raises GH145m after successful renounceable rights issue appeared first on Citinewsroom Comprehensive News in Ghana.
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