Banking Sector
Zenith Bank Extends Public Offer and Rights Issue by Two Weeks
Zenith Bank Plc on Monday announced that it has obtained regulatory approval to extend its public offer and rights issue by two weeks.
In a statement released via the Nigerian Exchange Limited (NGX), the leading financial institution said its offers for both existing shareholders and new investors have been extended to September 23, 2024, from the initial closing date of September 9.
The bank attributed the extension to the nationwide protest that began on August 1, the same day the offers were opened.
Zenith Bank stated that the extension will provide shareholders with more opportunities to take advantage of the rights issue and allow the general public ample time to subscribe to the public offers.