The Nigerian Stock Exchange (NSE) on Tuesday April 2 said that due to certain operational reasons, Access Bank Scheme shares which resulted from the merger between Access Bank Plc and Diamond Bank Plc were not available for trading on Tuesday April 2, 2019.
In a noted signed by Elizabeth Ekpo for Head, Listings Regulation Department, the Exchange regretted any inconvenience caused the holders of the affected shares. “The Exchange is working assiduously with Central Securities Clearing System (CSCS) and the Registrar to the company to produce a swift resolution and will be providing further updates as soon as we can.”
The NSE had on Monday April 1, 2019 listed Access Bank Plc’s 6,617,253,991 Ordinary Shares of 50 kobo each which resulted from a Scheme of Merger Between Access Bank Plc and Diamond Bank Plc (Scheme Shares), while the entire 23,160,388,968 ordinary shares of Diamond Bank Plc were on the same day delisted from the Daily Official List of The Exchange.
With the listing of the additional 6,617,253,991 ordinary shares arising from the Scheme, the total issued and fully paid up shares of Access Bank Plc has increase from 28,927,971,631 ordinary shares to 35,545,225,622 ordinary shares of 50 Kobo each.
Iheanyi Nwachukwu
