Access Holdings Plc has extended the duration of its rights issue, earlier scheduled to end on Wednesday, 14 August, by a week, allowing Nigeria’s biggest lender by assets more days to make up for the disruption caused by the nationwide protests against the cost-of-living crisis to its bid to raise N351 billion in fresh capital.
“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,” the group said in a regulatory filing seen by PREMIUM TIMES.
Access Holdings opened the rights issue on 8 July, inviting applications from existing shareholders to subscribe for new shares on the basis of one ordinary share for every two held by 7 June at N19.75 per unit.
