Access Holdings Plc has announced the extension of its ongoing Rights Issue acceptance period, originally set to close on August 14, 2024.
The new deadline is now August 23, 2024, following approval from the Securities & Exchange Commission.
This extension aims to accommodate shareholders affected by recent nationwide protests that disrupted business operations across Nigeria, ensuring they have ample time to participate in the offering.
The Rights Issue, which opened on July 8, 2024, provides shareholders with the opportunity to purchase additional shares at a discounted price, thereby increasing their stakes in the company.
The extension reflects Access Holdings’ commitment to maintaining shareholder inclusivity and offering flexibility in light of the recent socio-economic challenges.
During this extended period, the company’s insiders will continue to adhere to strict regulations regarding dealings in the company’s shares.
They are limited to participating in the Rights Issue, as previously sanctioned by the Nigerian Exchange Limited (NGX) in relation to the Non-Dealing Period on the company’s Audited Interim Financial Statements for the period ending June 30, 2024.
This restriction will remain in place until 24 hours after the publication of these interim financial results.
Access Holdings encourages shareholders to take advantage of this extended window and reach out to the Investor Relations team at Investor.Relations@theaccesscorporation.com for any inquiries regarding the Rights Issue.
The company remains committed to ensuring that all shareholders have the opportunity to benefit from this strategic initiative.
