CalBank
PLC
has
listed
additional
shares
and
commenced
trading
on
the
Ghana
Stock
Exchange
as
part
of
its
renounceable
rights
issue.
CalBank
PLC
completed
its
renounceable
rights
issue,
raising
a
total
of
GH₵145
million.
This
followed
the
discontinuation
of
the
legal
action
challenging
CalBank’s
GH₵600
million
rights
issue.
The
offer
consisted
of
over
two
billion
shares
at
GH₵0.29
per
share,
in
a
ratio
of
1
offer
share
for
every
0.3
existing
shares
held
by
a
qualifying
shareholder.
Over
five
hundred
million
shares
were
subscribed,
raising
GH₵145
million.
This
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
preference
additional
shares.
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