LAGOS - The Managing Director of Ecobank Nigeria Plc, Mr. Offong Ambah has assured subscribers to the on-going parent company, Ecobank Transnational Incorporated (ETI) cross border hybrid offer that the pan- African banking group would do all in its powers to issue share certificates as soon as the offer ends.
Speaking during a courtesy visit on the Oba of Lagos, Oba Rilwan Akiolu, he pledged the bank’s commitment to ensuring that subscribers have access to their share certificates as soon as allotments are completed for the benefit of those who want to trade.
Oba Akiolu in his response, commended the management of the bank for envisioning
a pan –african financial institution capable of connecting people from different parts of the continent. He said the $2.5 billion ETI offer represents a strong testament to the capacity of Africans to found and grow a world-class company competing with the biggest and the best in the world.
He urged Lagosians to subscribe to the offer because of the bank’s strong management fundamentals that would organically deliver the bank to a premier position in Africa and the world.
ETI, the Pan-African bank which is present in 25 african countries, opened its $2.5 billion (about N295 billion) cross border hybrid offer on August 25, 2008 .
the capital raising exercise is the biggest and first cross border hybrid public offering and Rights Issue in Africa . It sold simultaneously on three Stock Exchanges in Ghana , Nigeria and Cote d’ Ivoire.
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