CalBank PLC has successfully listed additional shares and commenced trading on the Ghana Stock Exchange as part of its renounceable rights issue.
The bank raised a total of GH₵145 million through this initiative, following the resolution of legal action challenging its GH₵600 million rights issue.
The rights issue offered over two billion shares at GH₵0.29 per share, with a ratio of 1 offer share for every 0.3 existing shares held by qualifying shareholders.
The offer saw over five hundred million shares subscribed, raising GH₵145 million. This amount surpassed the minimum target of GH₵120 million but fell short of the maximum target of GH₵600 million.
In a recent statement, CalBank announced the listing and commencement of trading of over four hundred and fifty-five million ordinary shares and over forty-seven million additional preference shares.
