CalBank PLC’s rights issuance has been successfully completed.

Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd.

CalBank PLC, one of Ghana’s leading financial institutions, has successfully concluded a rights issue, marking a significant milestone in its capital-raising efforts.

The bank announced on Monday, July 8, 2024, the listing and commencement of trading for 455,150,509 additional ordinary shares and 47,765,376 preference shares on the Ghana Stock Exchange.

This move comes as part of CalBank’s strategy to strengthen its capital base and support its growth initiatives in an increasingly competitive West African banking landscape.

Source: newsthemegh.com